St Laurent Wholesalers has found that 77% of its sales in any given month are credt...
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St Laurent Wholesalers has found that 77% of its sales in any given month are credt sales, while the remainder are cash sales Of the credit sales, St. Laurent Wholesalers has experienced the following collection pattern 24% paid in the month of the sale +40% paid in the month after the sale 23% paid two months after the sale 5% of the sales are never collected November sales for last year were $70,000 while December salos were $122,000 Proced sales for the next twee months are as follows January sales, February sales March sales Requirement $154.0001 $124.000 $104.000 Prepare a cash collections budget for the first quarter, with a column for mach month and for the (Round your answers to the nearest whole dollar) Cash sales Collection of credit sales 24% Month of sale 48% Month after 23% Two months after Total cash collections St. Laurent Wholesalers Cash Collections Budget For the Months of January through March January February CHE March Quarter St Laurent Wholesalers has found that 77% of its sales in any given month are credt sales, while the remainder are cash sales Of the credit sales, St. Laurent Wholesalers has experienced the following collection pattern 24% paid in the month of the sale +40% paid in the month after the sale 23% paid two months after the sale 5% of the sales are never collected November sales for last year were $70,000 while December salos were $122,000 Proced sales for the next twee months are as follows January sales, February sales March sales Requirement $154.0001 $124.000 $104.000 Prepare a cash collections budget for the first quarter, with a column for mach month and for the (Round your answers to the nearest whole dollar) Cash sales Collection of credit sales 24% Month of sale 48% Month after 23% Two months after Total cash collections St. Laurent Wholesalers Cash Collections Budget For the Months of January through March January February CHE March Quarter
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