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Samson Corporation has found that 80% of its sales in any given month are credit sales, while the November sales for last year were $80,000,
Samson Corporation has found that 80% of its sales in any given month are credit sales, while the November sales for last year were $80,000, while December sales were $115,000. remainder are cash sales. Of the credit sales, Samson Corporation has experienced the following Projected sales for the next three months are as follows: collection pattern: Requirement Prepare a cash collections budget for the first quarter, with a column for each month and for the quarter. (Round your answers to the nearest whole dollar.)
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