Homework: Chapter 9b Homework Save Score: 0 of 1 pt 1 of 3 complete HW Score: 0%, 0 of 3 E9-28A (book/static) Holiday Corporation has found that of its sales in any given month are credit sales while the remainder are cash sales of the credit sales Holiday Corporation has experienced the following collection pattern November sales for last year were $90,000, while December sales were $115.000 Projected sales for the next three months are as follows $ $ 145,000 125.000 25% received in the month of the sale 50% received in the month for the sale 16% received two months after the sale 9% of the credit sales are never received $ 180.000 Prepare a cash collections budget for the first quarter with a column for each month and for the quarter (Round Cash sales Collections on credit sales 25% Month of sale 50% Month after 16. Two months after Total cash collections Enter any number in the deeds and then clickCheck