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Andler Wholesalers has found that 78% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit
Andler Wholesalers has found that 78% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Andler Wholesalers has experienced the following collection pattern: 22% paid in the month of the sale 44% paid in the month after the sale 24% paid two months after the sale 10% of the sales are never collected November sales for last year were $83,000, while December sales were $121,500. Projected sales for the next three months are as follows: January sales... $ 165,000 February sales $ 122,000 March sales $ 176,000 Requirement Prepare a cash collections budget for the first quarter, with a column for each month and for the quarter (Round your answers to the nearest whole dollar.) Andier Wholesalers Cash Collections Budget For the Months of January through March January February $ 36,300 Cash sales Collections on credit sales: 22% Month of sale 44% Month after 28,314 41,699 15 538 24% Two months after 121.851 Total cash collections 2 Enter any number in the edit fields and then click Check Answer Check Ang Clear All 2 parts remaining MacBook On 20 &
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