Ahmed Ronde a manufacturer of mechone, oboe, and clarinet reeds has projected sales to be $899,000 in October, $960,000 in November, $1,025,000 in December, and $9.38.000 in January, Ahmed's sales are 30% cash and 70% The company's collection history indicates that credit sales are collected as folow: 20% in the month of the sale 60% in the month after the sale 14% two months after the sale 6% 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 answers up to the nearest dollar Cashes $ 269,400 200,000 $ 307,500 $ 281.400 Credit sales 628,600 672.000 717,500 655,600 $ 18,000 $ 90,000 $ 1.005.000 $ 18.000 Total sales Requirement 2. Prepare a cash collection budget for December and January, Round answers up to Ahed Reeds Budgeted Cash Collections from Customers For the Months of December and January Cash sales Collection of credit sales 20% of curre n t credit sales 60of prior month 145. of credit sales two months ago To t ion of credit Total cash collections Enter any number in the edited and then ack Check Answer Check Answer All parts showing