HOULOU Anderson Corporation Cash Collections Budget For the Months of January through March January Cash sales Collections on credit sales: 25% Month of sale 50% Month after 14% Two months after Total cash collections Enter any number in the edit fields and then click Chock Answer 3 parts remaining Clear All 9-28A (similar to) Anderson Corporation has found that 60% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Anderson Corporation has experienced the following collection pattern: 25% received in the month of the sale 50% received in the month after the sale 14% received two months after the sale 11% of the credit sales are never received Anderson Corporation Cash Collections Budget For the Months of January through March January Cash sales Collections on credit sales: 25% Month of sale 50% Month after 1496 Two months after Total cash collections Question Help November sales for last year were $80,000, while December sales were $110,000. Projected sales for the next three months are as follows: January sales... $ 165,000 February sales $ 130,000 March sales 200,000 Requirement Prepare a cash collections budget for the first quarter, with a column for each month and for the quarter. (Round your answers to the nearest whole dollar.)