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LaChut Corporation has found that 60 of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit
LaChut 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, LaChut Corporation has experienced the following collection pattern: \20 received in the month of the sale \40 received in the month after the sale \25 received two months after the sale \15 of the credit sales are never received November sales for last year were \\( \\$ 105,000 \\), while December sales were \\( \\$ 110,000 \\). Projected sales for the next three months are as follows: 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
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