Garnet 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?

Garnet Service

Cash Collections Budget

For the Months of January through March

Cash sales

Collection of credit sales:

$25\%$ Month of sale

$2,310$

$50\%$ Month after

$20\%$ Two months after

Total cash collections

Data table

More info

$25\%$ in the month of the sale

$50\%$ in the month after the sale

$20\%$ two months after the sale