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The following is the sales budget for Lemonis, Incorporated, for the first quarter of 2022: January February March Sales budget $ 185,000 $ 203,000 $
The following is the sales budget for Lemonis, Incorporated, for the first quarter of 2022: January February March Sales budget $ 185,000 $ 203,000 $ 225,000 Credit sales are collected as follows: 65 percent in the month of the sale. 20 percent in the month after the sale. 15 percent in the second month after the sale. The accounts receivable balance at the end of the previous quarter was $81,000 ($59,000 of which were uncollected December sales). a. Compute the sales for November. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. Compute the sales for December. (Do not round intermediate calculations and round your
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