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Ruby Service anlidpates the following sales revenue over a five-month period: (Click the loon to view the sales data) The company's sales are 20%
Ruby Service anlidpates the following sales revenue over a five-month period: (Click the loon to view the sales data) The company's sales are 20% cash and 80% credil. its collection history indicates that credit sales are collected as follows (Click the icon to view the colections data.). How much cash will be collecled in January? In February? in March? For the quarter in total? Complete the cash budget to determine how much cash will be collected in January, February, Maran and for the quarter in total. (Round your answers to the nearest whole dollar.) Ruby Service Cash Collections Budget For the Months of January through March Data table Cash as es Collection of credit sales 20% Month of sale 40% Month after 35% Two months after Total casi colections January 3080 More info 2464 20% in the month of the sa 40% in the month after the sale 35% two months after the sale 5% are never collected Print Done - X Sales revenue........S November December 18,700 S 11,200 January February March 5 15,400 S 12,000 S 11,000 Print Done
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