= Homework: Chapter 9

Homework: Chapter g Bakersfield Wholesalers has found that 82% of its sales in any given month are credit sales, while the remainder are cash sales Of the credit sales, Bakersfield January sales.... ..... ...... Question 8, E9-29A (sin _ O Points: O ot 1 November sales for last year were $83, 000, while December sales were $121 ,500. Projected sales for the next three months are as follows: Save Wholesalers has experienced the following collection patterm 24% paid in the month ofthe sale. 48% paid in the month after the sale 21% paid two months after the sale 7% of the sales are never collected (Round your answers to the nearest whole dollar.) Bakersfield Wholesalers Cash Collections Budget For the Months of January through March s . February sales.... March sales Requirement 157,000 126,000 184,000 Prepare a cash collections budget for the first quarter, with a column for each month and for the quarter January February March Quaner Cash sales Collection of credit sales: 24% Month of sale 48% Month after 21% Two months after Total cash collections