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Anderson Corporation has found that of sales in any given month are credit sales, while the remainderare cash sales of the credit sales, Anderson Corporation

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Anderson Corporation has found that of sales in any given month are credit sales, while the remainderare cash sales of the credit sales, Anderson Corporation has experienced the following collection panier 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 November sales for last year were $80.000, while December sales were $110,000. Projected sales for the next three months are as follows: ......... $ 150 000 February sales $ 120.000 March sales . ..$ 150.000 Prepare a catholections budget for the first quarter with a column for each month and for the quarter (Round your answers to the nearest whole dollar) Anderson Corporation Cash Collections Budget For the Months of January through March February Ouesto e March Quarter Cash sales Collections on credit sales 25% Month of sale 50% Month after 22% Two months after Total cash collections

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