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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 40%
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 40% cash and 60% 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.) Data Table Emerald Service Cash Collections Budget For the Months of January through March January 6,160 More Info November December January March Cash sales February $ 12,600 Sales revenue ....... $ 16,800 $ 10,200 $ 15,400 $ 14,600 Collection of credit sales: 20% Month of sale 3080 6160 Print Done 40% Month after 20% in the month of the sale 25% Two months after 3850 40% in the month after the sale 19250 Total cash collections 25% two months after the sale 15% are never collected Print Done
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