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Ruby Service anticipates the following sales revenue over a five-month period: (Click the icon to view the sales data.) The company's sales are 30% cash
Ruby Service anticipates the following sales revenue over a five-month period: (Click the icon to view the sales data.) The company's sales are 30% cash and 70% credit Its collection history indicates that credit sales are collected as follows: (Click the icon to view the collections data.) How much cash will be collected 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, March 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 January Cash sales Collection of credit sales: 25% Month of sale 50% Month after 20% Two months after Total cash collections Qu Data table Part 1 of 4 Ruby Service anticipates the following sales revenue over a five-month period CTO HW Score: 0%, 0 of 10 points O Points: 0 of 2 Its collection history indicates that credit sales are collected as foll (Click the icon to view the collections data) How much cash will be collected in January? In February? In Marc the quarter in total? November December Sales revenue S 16,100 $ 10.200 January $ 15,800 February March $ 13,200 $ 14,000 More info Print Done 0 O Question 5 Cash sales Collection of credit sales 25% Month of sale 50% Month after 20% Two months after O Question 6 Total cash collections Help me solve this 25% in the month of the sale 50% in the month after the sale 20% two months after the sale 5% are never collected Print Done x new
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