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can you please do a budget for January, February, and March? Braxton Wholesalers has found that 81% of its sales in any given month are
can you please do a budget for January, February, and March?
Braxton Wholesalers has found that 81% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Braxton Wholesalers has experienced the following collection pattern: 24% paid in the month of the sale 48% paid in the month after the sale November sales for last year were $82,000, while December sales were $119,500. Projected sales for the next three months are as follows: January sales. $ 158,000 February sales $ 121,000 March sales $ 183,000 (Round your answers to the nearest whole dollar.) Braxton Wholesalers Cash Collections Budget For the Months of January through March January Cash sales Collections on credit sales: 24% Month of sale 48% Month after 18% Two months after Total cash collections Step by Step Solution
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