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Data table November December Sales revenue 16,900 $ 11,000 January February March $ 15,400 $ 12,800 $ 14,000 Print Done e colle - Xted in
Data table November December Sales revenue 16,900 $ 11,000 January February March $ 15,400 $ 12,800 $ 14,000 Print Done e colle - Xted in answe More info 13 25% in the month of the sale 50% in the month after the sale 20% two months after the sale 5% are never collected Print Done - x Gem Service anticipates the following sales revenue over a five-month period (Click the icon to view the sales data) The company's sales are 40% cash and 60% credit Points: 0 of 2 (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) Gem Service Cash Collections Budget For the Months of January through March January Cash sales Collection of credit sales 25% Month of sale 50% Month after 20% Two months after Total cash collections
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