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I would like to know how to calculate those numbers below. Thank You Jewel Service anticipates the following sales revenue over a five-month period EEB
I would like to know how to calculate those numbers below. Thank You
Jewel Service anticipates the following sales revenue over a five-month period EEB (Click the icon to view the sales data.) The company's sales are 40% cash and 60% credit. Its collection history indi (Click the icon to vie How much cash will be Complete the cash budget to determine how much cash will be collected in January, February, March and for the quarter in total. (Round your answers to the nearest whole dollar.) Jewel Service Cash Collections Budget For the Months of January through March January February March Quarter Cash sales 6,240 $ 5,200 $ 5,840 S 17,280 Collection of credit sales: 2,340 3,000 1,440 13,020 $ 2,190 3,900 1.404 13,334$ 6,480 11,580 3,744 39,084 1,950 25% Month of sale 50% Month after 15% Two months after 4,680 900 12,730$ Total cash collections 1 More Into - XData Table 25% in the month of the sale 50% in the month after the sale 15% two months after the sale 10% are never collected November December January February March Sales revenue S 16,000 $10,000 15,600 $ 13,000 14,600 PrintDone Print Done
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