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$ 9 3 0 , 0 0 0 in January. The company's sales are 2 0 % cash and 8 0 % credit, and collection
$ in January. The company's sales are cash and credit, and collection history indicates that credit sales are collected as follows:
in the month of the sale
in the month after the sale
two months after the sale
are never collected
Requirements
Prepare a sales budget for all four months, showing the breakdown between cash and credit sales.
Prepare a cash collection budget for December and January. Round all answers up to the nearest dollar.
Requirement Prepare a sales budget for all four months, showing the breakdown between cash and credit sales. Round your answers up to the nearest whole dollar.
tableSymphonic Sounds, LtdSales BudgetOctober,November,December,JanuaryCash salesCredit salesTotal sales,,,,
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