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LaLune Wholesalers has found that 83% of its sales in any given month are credit sales, while the November sales for last year were $79,000,
LaLune Wholesalers has found that 83% of its sales in any given month are credit sales, while the November sales for last year were $79,000, while December sales were $119,500. Projected sales for the remainder are cash sales. Of the credit sales, La Lune Wholesalers has experienced the following collection next three months are as follows: pattern: January sales. $ 162,000 24% paid in the month of the sale February sales $ 129,000 48% paid in the month after the sale March sales $ 177,000 19% paid two months after the sale Requirement 9% of the sales are never collected Prepare a cash collections budget for the first quarter, with a column for each month and for the quarter. (Round your answers to the nearest whole dollar.) LaLune Wholesalers Cash Collections Budget For the Months of January through March January Cash sales Collections on credit sales: 24% Month of sale 48% Month after 19% Two months after Total cash collections
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