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Ruby Service anticipates the following sales revenue over a Its collection history indicates that credit sales are collected as five-month period: ?(Click the icon to
Ruby Service anticipates the following sales revenue over a Its collection history indicates that credit sales are collected as five-month period: ?(Click the icon to view the sales data.) The company's sales are 20% cash and 80% credit. 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 Januaryl FebruaryMarch Quarter Cash sales Collection of credit sales: 20% Month of sale 40% Month after 30% Two months after Total cash collections
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