Q-9

NOTE:

NOTE: I NEED ACCURATE ANSWERS IN TEXT FORM. Please fulfill the requirement completely.

Mila Manufacturing has the following budgeted sales for the first quarter of 2021: January $150,000, February $200,000, and March $110,000. The sales in December 2020 are for $150,000. The collection patterns are as follows: 50% of the sales are collected in the month of sale, and 50% are collected in the next month. Required: Prepare the cash collection budget for the quarter ending in March 31