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St. Germaine Corporation has found that 60% of its sales in any given menth are November sales for last year were 595,000 , while December

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St. Germaine Corporation has found that 60% of its sales in any given menth are November sales for last year were 595,000 , while December sales were credit sales, while the remainder are cash sales. Or the credit sales, St. Germaine Corporation has experienced the following collection pattern: $120,000. Projocted sales for the next three months are as follows: 25% received in the month of the sale 50% received in the month after the salo 18% received two months afler the sale 7% of the credit sales are never received Prepare a cash collections budget for the first quartor, with a column for each month and for the quarter. (Round your answers to the nearest whole dollar) St Germaine Corporation Cash Collections Budget For the Months of January through March January Cash sales Collections on credit sales: 25% Month of sale 50% Month afer 18% Two monthe after Total cash collections

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