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Having trouble getting month after and two months after please show work so I can learn if possible! Bentfield Corporation has found that 70 %
Having trouble getting month after and two months after please show work so I can learn if possible!
Bentfield Corporation has found that 70 % of its sales in any glven month are credit sales, while the remainder are cash Bales. Of the credit sales, Bentfield Corporation has experienced the following collection pattem November sales for last year were $110,000, while December sales were $115,000. Projected sales for the next three months are as follows: 150,000 January sales. 25% received in the month of the sale February sales... . $ 125,000 50% received in the month after the sale March sales 195,000 24% received two months after the sale Requirement Prepare a cash collections budget for the first quarter, with a column for each manth and for the quarter. (Round your answers to the nearast whole dollar.) 1% of the credit sales are never recelved Bentfield Corporation Cash Collections Budget For the Months of January through March January Cash sales 45,000 Collections on credit sales: 26,250 25% Month of sale 52500 50% Month after 25200 24% Two months after 103950 Total cash collections
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