the cash budget to determine how much cash will be collected in January, February, March and for the quarter in total. (Round your answers to the nearest whole dollar.)

Gem Service

Cash Collections Budget

For the Months of January through March

	January
Cash sales
Collection of credit sales:
25% Month of sale
50% Month after
20% Two months after
Total cash collections

MAKE SURE TO ENTER FOR FEB AND MARCH AS WELL. THANKS!

Gem Service anticipates the following sales revenue over a five-month period: (Click the icon to view the sales data.) The company's sales are 20% cash and 80% credit. Question Help 0 Its collection history indicates that credit sales are collected as follows: (Click the icon to view the collections data.) How much cash will be collected in January? In February? In March? For the quarter in total? - X i Data Table More Info November December March January 15,600 February 12,800 Sales revenue....... $ 16,400 $ 10,000 $ $ $ 14,600 25% in the month of the sale 50% in the month after the sale 20% two months after the sale 5% are never collected Print Done Print Done parts