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K Kessler Service anticipates the following sales revenue over a five-month period (Click the icon to view the sales data) The company's sales are
K Kessler Service anticipates the following sales revenue over a five-month period (Click the icon to view the sales data) The company's sales are 30% cash and 70% credit Its collection history indicates that credit sales are collected as follows (Click the icon to view the collections data.) How much cash will be collected in January? In February? In 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.) Kessler Service Cash Collections Budget For the Months of January through March Cash sales Collection of credit sales 25% Month of sale 50% Month after 20% Two months after Total cash collections Data table January November December Sales revenue........$ 16,500 $ 11,200 January February March $ 15,200 S 13,200 $ 14,400 Print Done - X
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