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K Save St Laurent Wholesalers has found that 77% of its sales in any given month are credit sales, while the remainder are cash
K Save St Laurent Wholesalers has found that 77% of its sales in any given month are credit sales, while the remainder are cash sales Of the crede sales, St. Laurent Wholesalers has experienced the following collection pattern 24% paid in the month of the sale 40% paid in the month after the sale 23% paid two months after the sale 5% of the sales are never collected November sales lest year were $78,000, while December ses were $122,000 Postad next three months are as follows sales for January sales February sales. March sales Requirement 5 164.000 $ 124.000 $ 184.000 Prepare a cash collections budget for the first quarter, with a column for each month and for the (Round your answers to the nearest whole dollar) St. Laurent Wholesalers Cash Collections Budget For the Months of January through March Cash sales Colection of crede sales) 24% Month of sale 48% Month after 23% Two months after Total cash collections January February March Quarter
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