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Hyde Catering Inc. is a caterer of corporate lunches and events. The following is Hyde's sales forecast try quarter for the upcoming year. Hyde Catering
Hyde Catering Inc. is a caterer of corporate lunches and events. The following is Hyde's sales forecast try quarter for the upcoming year. Hyde Catering Inc. Forecasted Sales For the Year Ended December 31, 2020 Q2 Q3 Q4 Total Sales $124,000 309,000 5346,000 $233,000 $1,012.000 01 In addition, sales in Q3 and 4 of 2019 totaled $127.000 and $220,000 respectively. According to the company's sales records, all revenue is involved Credit sales). Assume the following historical trends were noted by management regarding credit sales 46% of credit customers pay during the quarter in which the sale took place 28% of credit customers pay in the quarter immediately following the quarter of sale 26% of credit customers pay in the second quarter following the quarter of sale Do not enter dollar signs or commas in the input boxes. Prepare a schedule of cash receipts on a quarterly basis OCUS THE WORD 28% of credit customers pay in the quarter immediately following the quarter of sale 26% of credit customers pay in the second quarter following the quarter of sale Do not enter dollar in oc.commas in the conut boxes Prepare a schedule of cash receipts on a quarterly basis. Hyde Catering Inc. Cash Receipts For the Year Ended December 31, 2020 Q2 Q3 Q1 Total Q4 Q3 2019 $ Q4 2019 S Q1 2020 S Q2 2020 5 Q3 2020 IS 04 2020 Total Cash Receipts s
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