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Please help me complete the table of cash collections budget for the month of January through March Fielding Corporation has found that 6 0 %
Please help me complete the table of cash collections budget for the month of January through March
Fielding Corporation has found that of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Fielding Corporation has experienced the following collection pattern: View the collection pattern.
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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 nearest whole dollar.
Additional information
Fielding Corporation
Cash Collections Budget
For the Months of January through March
tableCash salesCollections on credit sales: Month of sale Month after Two months afterTotal cash collections
November sales for last year were $ while December sees were $ Projected sales for the next three months are as follows:
January sales............ $
February sales $
March sales............ $
Collection pattern
received in the month of the sale received in the month after the sale received two months after the sale of the credit sales are never received
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