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Solve this for Jan to March XE9-28A (similar to) Question Help November sales for last year were S85,000, while December sales were S110,000. Projected sales
Solve this for Jan to March
XE9-28A (similar to) Question Help November sales for last year were S85,000, while December sales were S110,000. Projected sales for the next three months are as follows Monachino Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Monachino Corporation has experienced the following collection pattern: January sales. S 165,000 25% received in the month of the sale . February sales 125.000 50% received in the month after the sale March sales 185,000 14% received two months after the sale Requirement 119% of the credit sales are never received collections budget for the first quarter, with a column for each month and for the quarter. (Round your answers to the nearest whole dollar. For the Months of January through March January 49.500 Cash sales Collections on credit sales 25% Month of sale 50% Month after 14% Two months after Total cash collectionsStep by Step Solution
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