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please help with this homework. I need all the answers for January through march. Homework: Chapter 09 Graded Homework Score: 0 of 5 pts E9-28A
please help with this homework. I need all the answers for January through march.
Homework: Chapter 09 Graded Homework Score: 0 of 5 pts E9-28A (similar to) Save Hw Score: 24.39%, 7.32 of 30 pts Question Help * November sales for last year were $100,000, while December sales were $1 15,000 Projected sales for the 40f 6 (3 complete) Smith Corporation has found that 80% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Smith Corporation has experienced the following collection pattern: next three months are as follows 25% received in the month of the sale 50% received in the month after the sale 18% received two months after the sale 7% of the credit sales are never received 120,000 $ 170,000 February sales March sales 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.) Smith Corporation Cash Collections Budget For the Months of January through March January Cash sales Collections on credit sales: 25% Month of sale 50% Month after 18% Two months after Total cash collections Enter any number in the edit fields and then click Check Answer Clear All Check Answer remainingStep by Step Solution
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