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Emerald Service anticipates the following sales revenue over a five-month period: (Click the icon to view the sales data.) The company's sales are 20% cash
Emerald Service anticipates the following sales revenue over a five-month period: (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.) Emerald Service X Cash Collections Budget Data Table For the Months of January through March January February March Quarter November December January February March Cash sales Sales revenue $ 16,700 $ 10,800 $ 15,200 $ 12,400 $ 14,400 Collection of credit sales: 20% Month of sale 40% Month after X Print Done i More Info 25% Two months after Total cash collections 20% in the month of the sale 40% in the month after the sale 25% two months after the sale 15% are never collected
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