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hello can someone please help me with this managerial finance question step by step please and thank you! The following is the sales budget for
hello can someone please help me with this managerial finance question step by step please and thank you!
The following is the sales budget for Yellowhead Inc. for the first quarter of 2021: Sales January February March $216,000 $236,000 $259,000 Credit sales are collected as follows: 65% in the month of the sale, 30% in the month after the sale, and 5% in the second month after the sale. The accounts receivable balance at the end of the previous quarter was $100,000 ($70,000 of which was uncollected December sales). a. Calculate the sales for November. (Omit "$" sign in your response.) November sales b. Calculate the sales for December. (Round the final answer to 2 decimal places. Omit "$" sign in your response.) December sales c. Calculate the cash collections from sales for each month from January through March. (Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit "$" sign in your response.) Cash collections January February Ma rch
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