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could you please complete for January February March and the Quarter? Ruby Service anticipates the following sales revenue over a five-month period: F: (Click the
could you please complete for January February March and the Quarter?
Ruby Service anticipates the following sales revenue over a five-month period: F: (Click the icon to view the sales data.) The company's sales are 20% cash and 80% credit. Its collection history indicates that credit sales are collected as follows: (Click the icon to view the collections data.) How much cash will be collected in January? In February? In March? For the quarter in total? Complete the cash budget to determine how much cash will be collected in January, February, March and for the quarter in total. (Round your answers to the nearest whole dollar.) Ruby Service Cash Collections Budget For the Months of January through March January 3040 Cash sales Collection of credit sales: 25% Month of sale 50% Month after 15% Two months after Total cash collections i More Info 25% in the month of the sale 50% in the month after the sale 15% two months after the sale 10% are never collected Print Done i Data Table November Sales revenue ...............$ 16,600 December $ 10,400 January 15,200 February $ 13,000 March 14,400 $ $ Print Print Done DoneStep by Step Solution
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