ent/PlayerTest.aspx?testid=224725136 2020F Managerial Accounting (ACCT-2210-2) Test: 2020F Final Exam This Question: 5 pts 3 of 63 (6 complete) Sathsarra Pa Fleming Wholesalers has found that 83% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Fleming Wholesalers has experienced the following collection pattern: 24% paid in the month of the sale 48% paid in the month after the sale 19% paid two months after the sale November sales for last year were $81,000, while December sales were $1 months are as follows: January sales... February sales. March sales Requirement $ 165,000 $ 121,000 S 177,000 Prepare a cash collections budget for the first quarter, with a column for each 9% of the sales are never collected (Round your answers to the nearest whole dollar.) Fleming Wholesalers Cash Collections Budget For the Months of January through March Cash sales Collections on credit sales January 28050 24% Month of sale 39600 48% Month after 79200 31350 19% Two months after- Total cash collections February March Quarter 20570 30090 Enter any number in the edit fields and then continue to the next