Principles of Management Accounting, Spring 2020, Section 003 dhiya alnemer 03/31/20 7:26 AM Homework: Assignment 15 Save Score: 0 of 3 pts 2 of 3 (1 complete) HW Score: 30%, 3 of 10 pts E9-28A (similar to) Question Help 2 Monachino Corporation has found that 60% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Monachino Corporation has experienced the following collection pattern: November sales for last year were $105,000, while December sales were $110,000. Projected sales for the next three months are as follows: 8 25% received in the month of the sale 50% received in the month after the sale 24% received two months after the sale 1% of the credit sales are never received January sales................$ 185,000 February sales .....$ 135,000 March sales.. ...:. $ 200,000 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. Monachino 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 L9-20A ( S al 16) Monachino Corporation has found that 60% of its sales in any given month are credit sales, while the remainder are cash sales. of the credit sales, Monachino Corporation has experienced the following collection pattern: 25% received in the month of the sale 50% received in the month after the sale 24% received two months after the sale 1% of the credit sales are never received November sa are as follow January sale February sal March sales Requirement Prepare a cas the nearest w Monachino 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 24% Two months after Total cash collections Enter any number in the edit fields and then click Check Answer. parts remaining Clear All O Type here to search Principles of Management Accounting, Spring 2020, Section 003 Homework: Assignment 15 Score: 0 of 3 pts 2 of 3 (1 complete) E9-28A (similar to) Monachino Corporation has found that 60% of its sales in any given month are credit sales, while the remainder are cash sales. of the credit sales, Monachino Corporation has experienced the following collection pattern: Novemb are as fo 25% received in the month of the sale 50% received in the month after the sale 24% received two months after the sale 1% of the credit sales are never received January February March sa Requirer Prepare a the neare Monachino 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 24% Two months after Total cash collections Facebook Flight of Icarus Royal... o My Institution - 9-29-2... dhiya alnemer & 1 03/31/20 7:27 AM Save 2 of 3 (1 complete) HW Score: 30%, 3 of 10 pts 3 Question Help ainder are cash sales. November sales for last year were $105,000, while December sales were $110,000. Projected sales for the next three months are as follows: January sales $ 185,000 February sales.... $ 135,000 March sales .. $ 200,000 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)