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Rockers expects total sales of $700,000 for January and $347,000 for February. Assume that Rockers's sales are collected as follows: (Click the icon to view
Rockers expects total sales of $700,000 for January and $347,000 for February. Assume that Rockers's sales are collected as follows: (Click the icon to view the collection history.) November sales totaled $388,000, and December sales were $400,000. Prepare a schedule of cash receipts from customers for January and February. Round answers table leave the box empty; do not enter a zero.) not used in the the nearest dollar. (If a box Cash Receipts from Customers January February More Info Total sales January February 40% in the month of the sale Cash Receipts from Customers: 30% in the month after the sale Nov.-Credit sales, collection of Nov. sales in Jan 28% two months after the sale Dec.-Credit sales, collection of Dec. sales in Jan. 2% never collected Dec.-Credit sales, collection of Dec. sales in Feb. Jan.-Credit sales, collection of Jan. sales in Jan. Print Done Jan.-Credit sales, collection of Jan. sales in Feb. Feb-Credit sales, collection of Feb. sales in Feb. Total cash receipts from customers
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