Question
Diamond Service anticipates the following sales revenue over a five-month period: (Click the icon to view the sales data.) Diamond Service's sales are 35% cash
Diamond Service anticipates the following sales revenue over a five-month period: (Click the icon to view the sales data.) Diamond Service's sales are 35% cash and 65% credit Diamond Service's 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? Complete the cash budget to determine how much cash will collected in January, February, and in March. (R Diamond Service Cash Collections Budget For the Months of January through March January February Data Table November December January February March Sales revenue. 16,600 $ 10,500 $ 15.000 $ 12,400 $ 14,300 March Quarter Cash sales Collection of credt sales 25% Month of sale 50% Month aher 14% Two months ator Total cash collections Enter any number in the edit fields and then continue to the next question. More Info 25% in the month of the sale 50% in the month after the sale 14% two months after the sale 11% are never collected Print Done How much cash will be collected in January, February, and in March? The cash collected in January will be $ The cash collected in February will be $ The cash collected in March will be $ Entor ony number in the
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