Rovniak Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has orojected sales to be $890,000 in october, $962,000 in november, $1,025,000 in december, and $920,000 in january. Rovniaks sales are 30% cash and 70% credit. the comapnys collection history indicated the credit sales are collected as follows.

es projected to be 5890,000 n Odobet 3982000 in Novembe Rovniak Roodsama tacturer of phone bo, and carnet d Cocon hory news that creates are acted in the new 60 the mother the 12. the sale Requirements Sales Budget For the Four Months Ended January Budgeted Cash Collections from Customers For the Months of December and January December January Cash sales Collection of credit sales: 25% of current month credit sales 60% of prior month credit sales 12% of credit sales two months ago Total collection of credit sales Total cash collections