Leret Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $$908,000$ in October, $$966,000$ in November, $$1,055,000$ in December, and $$934,000$ in January. Leret's sales are $20\%$ cash and $80\%$ credit. The company's collection history indicates that credit sales are collected as follows:

$25\%$ in the month of the sale

$60\%$ in the month after the sale

$10\%$ two months after the sale

$5\%$ are never collected

Requirements

Prepare a sales budget for all four months, showing the breakdown between cash and credit sales.

Prepare a cash collection budget for December and January. Round all answers up to the nearest dollar.

Requirement $1.$ Prepare a sales budget for all four months, showing the breakdown between cash and credit sales.

Leret Reeds

Sales Budget

For the Four Months Ended January

$\backslash$table$[[$Cash sales$],[],[$Credit sales,,,,$],[,,\frac{?}{\text{b}\text{a}\text{r}}(C),,]]$