ACCT2210-2 Winter 2022 Managerial Accounting Houmou Traore 03/31/22 3:15 PM = Homework: Chapter 9 Question 8, E9-29A (similar to) HW Score: 37.52%, 4.5 of 12 points Points: 0 of 1 Save Fleming Wholesalers has found that 82% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Fleming Wholesalers has experienced the following collection pattern: 22% paid in the month of the sale. 44% paid in the month after the sale 23% paid two months after the sale 11% of the sales are never collected November sales for last year were $84,000, while December sales were $122,000. Projected sales for the next three months are as follows: January sales $ 165,000 February sales $ 124,000 March sales $ 183,000 Requirement Prepare a cash collections budget for the first quarter, with a column Inen CERED + (Round your answers to the nearest whole dollar.) Fleming Wholesalers Cash Collections Budget For the Months of January through March January February March Quarter Cash sales Collection of credit sales: 22% Month of sale 44% Month after Help me solve this Video Get more help Clear all Check answer Pering Wholesale has found 82% of its sales in any given month are credite, while the remainderare cash of the credits Farming Wholesalers has experienced the following collection potem .22 paid in the month of a .44% paid in the month for the sale -234 pad two months after the sale 11% of these are never collected November for last year were $64.000, while December we were $122.000. Projected sale for the three months are as follow January sales $ 45,000 February sales $ 12.000 March sales 5183.000 Requirement Prepare a cash collections budget for the first quarter, a column for each month and for me qera Round your answers to the nearest whole dollar) Fleming Wholesalers Cash Collection Budget For the Moth of January tough March January February Cash sales Collection of credit 22% Month of 60% Month her March Quarter 33% Two months after Total actions