Q. 4

Monethe Corporation has founs trat 60 s of its sales in any given month we credit sales, while the remainder are cash sales. Of the credt wales. Monecta Corporation has experienced the foliowing coliection pattem: 25% toceived in the month of the we sow recelved in ithe monet after the sale 16\% recaved two montha after the waik F) the credi sales are hever received November sales for bst year were $105,000, while December sales were $110,000 Projecled sales for the neat three monehs are as folows: Requirement Prepare a cash collections budget for the frat quarter, with a column for each month and for the quarter. (Foond your answers to the nearest whole dollar)