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Mom's Kitchen Catering Inc. Forecasted Sales For the Year Ended December 31, 2020 Q1 Sales Q3 Q4 Total Q2 $121,000 $281,000 $345,000 $251,000 $998,000
Mom's Kitchen Catering Inc. Forecasted Sales For the Year Ended December 31, 2020 Q1 Sales Q3 Q4 Total Q2 $121,000 $281,000 $345,000 $251,000 $998,000 In addition, sales in Q3 and Q4 of 2019 totaled $134,000 and $199,000 respectively. According to the company's sales r following historical trends were noted by management regarding credit sales: 48% of credit customers pay during the quarter in which the sale took place 35% of credit customers pay in the quarter immediately following the quarter of sale 17% of credit customers pay in the second quarter following the quarter of sale Do not enter dollar signs or commas in the input boxes. Prepare a schedule of cash receipts for the year on a quarterly basis.
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