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4 of 6 (6 complete) Score: 1.25 of 5 pts HW Score: 69.33%, 20.8 of 30 pl > Question Help %E9-28A (similar to) Alderman Corporation
4 of 6 (6 complete) Score: 1.25 of 5 pts HW Score: 69.33%, 20.8 of 30 pl > Question Help %E9-28A (similar to) Alderman Corporation has found that 80% of its sales in any given month are credit sales, while the November sales for last year were $80,000, while December sales were $110.000. Projected sales for the remainderare cash sales of the cred sales, Alderman Corporation has experienced the following collection ned three months are as follows: pattern January $ 165,000 25% received in the month of the sale February sales.. $ 115,000 50% received in the month after the sale $ 190.000 16% received two months after the sale Requirement Prepare a cash collections budget for the first quarter with a colums for each month and for the quarter 9% of the credit sales are never received (Round your answers to the nearest whole dollar) Alderman Corporation Cash Collections Budget For the Months of January through March 33.000 Cash sales Collections on crede 25% Month of 50% Mother 16% Two months after 120 240 Totalcash collections Check Awe 9:43 AM /1/2000 Enter any number in the enfelds and then click Check Awet
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