St. Germaine Corporation has found that 80% 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

18% received two months after the sale

7% of the credit sales are never received November sales for last year were $ 95,000 while December sales were $ 110000.

Projected sales for the next three months are as follows:

January sales . . . . . . . . . . . . . . . . $165,000

February sales . . . . . . . . . . . . . . . $115,000

March sales . . . . . . . . . . . . . . . . . $185,000

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.)

St. Germaine Corporation has found that 80% 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 18% received two months after the sale 7% of the credit sales are never received 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 after 18% Two months after Total cash collections Enter any number in the edit fields and then click Check Answer parts Clea remaining