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F-13-1 Sales receipts. National Beverage Company anticipates the following first-quarter sales for 2016 $1,810,000 (January). $1,688,000 (February) and $2.129,000 (March). It posted the following sales
F-13-1
Sales receipts. National Beverage Company anticipates the following first-quarter sales for 2016 $1,810,000 (January). $1,688,000 (February) and $2.129,000 (March). It posted the following sales figures for the last quarter of 2014 $1,985,000 (October). $1.983.000 (November) and $2,168,000 (December). The company sells 38% of its products on credit, 62% are cash sales. The company collects credit sales as follows 30% in the following month, 60% two months later, and 17% three months later, with 3% defaults What are the anticipated cash inflows for the first quarter of 2015 Of the $1,986,000 October sales, The amount collected in October is $(Round to the nearest collar) The amount collected in November is SM (Round to the nearest dollar) The amount collected in December is $. (Round to the nearest dollar) The amount collected in January is $ (Round to the nearest dollar) The amount not collected is $ (Round to the nearest dollar) of the $1,983.000 November sales The amount collected in November is $ (Round to the nearest dollar) The amount collected in December is $ (Round to the nearest dollar) The amount collected in January is $ (Round to the nearest dollar) The amount collected in February is $(Round to the nearest dollar) s(Round to the nearest collar) The amount not collected is S Step by Step Solution
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