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Please include February, March and Quartly (see reauirement) Fielding Corporation has found that 70% of its sales in any given month are creds sales, while
Please include February, March and Quartly (see reauirement)
Fielding Corporation has found that 70% of its sales in any given month are creds sales, while the November sales for last year were $95,000, while December sales were $110,000. remainder are cash sales. Of the credt sales, Fielding Corporation has experienced the following Projected sales for the next three months are as follows: collection patern: 20% received in the month of the sale 40% received in the month after the sale 25% received two months affer the sale 15% of the credit sales are never recelved Requirement Prepare a cash colloctions budget for the frst quarter, with a column for each month and for the quarter. (Round your answers to the nearest whole dollar.) Step by Step Solution
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