Question
Bikester Wholesalers has found that 76% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit
Bikester Wholesalers has found that 76% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Skeeter 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 aher the sale 11% of the sales are never collected (Round your answers to the nearest whole dollar) Skeeter Wholesalers Question Hep November sales for last year were $78,000, whe December sales were $118,500. Projected aule for the next months are as follows: February sales. 165.000 $123.000 $179.000 March sales Requirement Prepare a cash collections budget for the first quarter, with a column for each month and for the quarter Cash sales Colections on credit sales 22% Morth of sais 44% Moeth afr 23% Two months she Total cash collections Cash Collections Budget For the Months of January through Maich January February March Quarter
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