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Berkner 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, Berkner Corporation has experienced the following collection pattern:

View the collection pattern.

View additional information.

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.$)$

Berkner Corporation

Cash Collections Budget

For the Months of January through March

Cash sales

Collections on credit sales:

$25\%$ Month of sale

$117500$

$50\%$ Month after

$24\%$ Two months after

$235000$

$112800$

Total cash collections