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Crown Service anticipates the following sales revenue over a five-month period Crown Service's collection history indicates that credit sales are collected as follows (Click the
Crown Service anticipates the following sales revenue over a five-month period Crown Service's collection history indicates that credit sales are collected as follows (Click the icon to view the sales data.) (Click the icon to view the collections data.) Crown Service's sales are 25% cash and 75% credit. How much cash will be collected in January? in February? In March? Complete the cash budget to determine how much cash will be collected in January, February, and in March. (Round your answers to the nearest whole dollar.) Crown Service Cash Collections Budget For the Months of January through March January Cash sales Collection of credit sales: 30% Month of sale 60% Month after 85. Two months after Total cash collections * More Info - X 9 sales revenue over a five-month period: data.) Crown Service (Click the How much case ind 75% credit how much cash will be collected in January, February, and in March. 30% in the month of the sale 60% in the month after the sale 8% two months after the sale 2% are never collected Data Table Print Done December January March November $ 16,400 February $ 12,500 Sales revenue $ 10,500 $ 15,000 $ 14,900 Print Done
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