{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-28T04:00:38-04:00", "answer_date": "2024-05-28 04:00:38", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1816902", "url": "\/study-help\/questions\/st-germaine-corporation-has-found-that-70-of-its-sales-1816902", "question_creation_date_js": "2024-05-28T04:00:38-04:00", "question_creation_date": "May 28, 2024 04:00 AM", "meta_title": "[Solved] St. Germaine Corporation has found that 7 | SolutionInn", "meta_description": "Answer of - St. Germaine Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are | SolutionInn", "meta_keywords": "st,germaine,corporation,found,70%,sales,month,credit,remainder,cash,experienced,collection", "question_title_h1": " St. Germaine Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash sales. Of", "question_title": " St. Germaine Corporation has found that 70% of its sales in", "question_title_for_js_snippet": "St Germaine 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, St Germaine Corporation has experienced the following collection pattern 25 received in the month of the sale 50 received in the month after the sale 14 received two months after the sale 11 of the credit sales are never received November sales for last year were $110,000, while December sales were $115,000 Projected sales for the next three months are as follows January sales February sales $ 145,000 $ 120,000 $ 170,000 March sales 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 ) Cash sales Collections on credit sales 25 Month of sale 50 Month after 14 Two months after Total cash collections St Germaine Corporation Cash Collections Budget For the Months of January through March January", "question_description": "\"image", "transcribed_text": "St. Germaine 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, St. Germaine Corporation has experienced the following collection pattern: 25% received in the month of the sale 50% received in the month after the sale 14% received two months after the sale 11% of the credit sales are never received November sales for last year were $110,000, while December sales were $115,000. Projected sales for the next three months are as follows: January sales.. February sales $ 145,000 $ 120,000 $ 170,000 March sales.. 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.) Cash sales Collections on credit sales: 25% Month of sale 50% Month after 14% Two months after Total cash collections St. Germaine Corporation Cash Collections Budget For the Months of January through March January", "related_book": { "title": "Essentials of Accounting for Governmental and Not-for-Profit Organizations", "isbn": "007352705X, 978-0073527055", "edition": "10th Edition", "authors": "Paul A. Copley", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/77.jpg", "uri": "\/textbooks\/essentials-of-accounting-for-governmental-and-not-for-profit-organizations-10th-edition-77", "see_more_uri": "" }, "free_related_book": { "isbn": "B0085OB9TY", "uri": "\/textbooks\/rewarding-teams-lessons-from-the-trenches-1st-edition-b0085ob9ty-188934", "name": "Rewarding Teams Lessons From The Trenches", "edition": "1st Edition" }, "question_posted": "2024-05-28 04:00:38", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/please-help-with-the-entire-question-asap-please-thank-you-658575", "description": "please help with the entire question asap please thank you!! 12. 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