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16. Camper Company projects the following sales: EEB (Click on the icon to view the projected sales.) Camper collects sales on account in the month
16. Camper Company projects the following sales: EEB (Click on the icon to view the projected sales.) Camper collects sales on account in the month after the sale. The Accounts Receivable balance on January 1 is $13,100, which represents December's sales on account. Camper projects the following cash receipts from customers: EEB (Click on the icon to view the cash receipts from customers.) Recalculate cash receipts from customers if total sales remain the same but cash sales are only 10% of the total Data Table Begin by computing the cash sales and sales on account for eeach month if cash sales are only 10 % of the total March January February March January February Cash sales (10 % ) 7,500 $ Cash sales (30%) 6,600 S 8,700 17.500 20.300 15 400 Sales on account (90 %) Sales on account (70%) $ 22,000 S 22,000 $ 25,000 9 29,000 25,000 29,000 Total sales Total sales Now, recalculate cash receipts from customers for each month if cash sales are only 10% of the total. March January February Data Table Cash receipts from cash sales Cash receipts from sales on account March January February Total cash receipts from customers Cash receipts from cash sales 6.600 $ 7,500 $ 8,700 13,100 15.400 17,500 Cash receipts from sales on account 19,700 $ 22,900 $ 26.200 Total cash receipts from customers Print Done
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