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und 10) Question Help Berliner Corporation has found that of it alles in any given month are credit sales while the remainderare cash sales of the credit sales Berkner Corporation has experienced the following collection potem November sales for last year were $110,000, while December sales were 5130 000. Projected three months w as follows for the nex 25 received in the month of the sale so received in the month for the sale 22Fecived two months or the same the credit ses are never received January sales Sales $ 135.000 Marche $ 190.000 Requirement Prepare a cash collections budget for the out new to the whole dollar) term a column for each month and for the qua n d Collections on cred sales 25% Month of sale Son Months 2 months after Total cash colections Enter any number in the edities and then co Check Answer 3 parts Check Answer Rovniak Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $896, 70% credit. The company's collection history indicates that credit sales are collected as follows: 25% in the month of the sale 60% in the month after the sale 12% two months after the sale 3% are never collected Requirements 1. Prepare a sales budget for all four months, showing the breakdown between cash and credit sales. 2. Prepare a cash collection budget for December and January. Round all answers up to the nearest dolla Budgeted Cash Collections from Customers For the Months of December and January December January Cash sales Collection of credit sales: 25% of current month credit sales 60% of prior month credit sales 12% of credit sales two months ago Berkner Corporation has found that 80% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Berkner Corporation has experienced the following collection pattern: No 25% received in the month of the sale 50% received in the month after the sale 22% received two months after the sale 3% of the credit sales are never received FOLLIC WITH U JUU K uy" ECHICH Quarter January February 32,000 $ 27,000 $ March 38,000 Cash sales Collections on credit sales: 25% Month of sale 50% Month after 32200 27000 52 000 64000 22 880 38.000 54.000 2 8. 160 19:36 22% Two months after 135 360+ 5 140 8805 158 160 Total cash collections Enter any number in the edit fields and then click Check Answer Clea All parts showing O Type here to search