Q3 part 1 of 4

Swcency Cocporation has found that 60\% of its sales in any given month are crecit sales, while November sales for last year were $95,000, while December saies were $115,000. the remainder are cash sales. Of the credit sales, Sweeney Corporation has experienced the Projected sales for the next theee morhts are as follows: folowing collection pattarn: 25% received in the month of the sale. 50% receivod in the month after the sole 16% received two months after the sale 9% of the credit sales are never recoived Requirement Prepare a cash colections budget for tha first quarter, weh a colurm for each month and for the quater. (Round your answers to the nearest whole dollar.) Swency corporation Cash Collections Budget For the Months of January through March Cash sales Colections on credit sales: 25% Month of sale 50% Monat after 16% Two months afior Total cash colliecions