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Gem Service anticipates the following sales revenue over a five-month period: The company's sales are 40% cash and 60% credit. Its collection history indicates that

Gem Service anticipates the following sales revenue over a five-month period: image text in transcribed The company's sales are 40% cash and 60% credit.

Its collection history indicates that credit sales are collected as follows: 20% in the month of the sale

40% in the month after the sale

35% two months after the sale

5% are never collected How much cash will be collected in January?In February? In March? For the quarter in total?

Part 1: image text in transcribed

November December January February March

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