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Blue Ridge Mountain Equipment offers a 2% discount to customers who pay cash at the time of sale and a 1% discount to customers who
Blue Ridge Mountain Equipment offers a 2% discount to customers who pay cash at the time of sale and a 1% discount to customers who pay within the rst 10 days of the month after sale. Past experience shows that cash collections from customers tend to occur in the following pattern: E (Click the icon to view the collection experience.) Requirement 1. Compute the total cash budgeted to be collected in March if sales forecasts are $369,000 for January, $430,000 for February, and $480,000 for March. (Round your answers to the nearest whole dollar.) March collections January sales after the discount period February sales within the discount period February sales after the discount period March sales within the discount period Total March collections Data table Cash collected at the time of sale Collected within the cash discount period in the rst 10 days of the month after sale Collected after cash discount period in the rst month after sale Collected after cash discount period in the second month after sale Never collected
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