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The following is the sales budget for Shleifer, Inc., for the first quarter of 2013: January February March Sales budget $234,800 $249,300 $271,000 Credit sales

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The following is the sales budget for Shleifer, Inc., for the first quarter of 2013: January February March Sales budget $234,800 $249,300 $271,000 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 $106,800 ($76,300 of which were uncollected December sales). a Calculate the sales for November. (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) November sales Calculate the sales for December. (Do not round intermediate calculations.) b. December sales Calculate the cash collections from sales for each month from January through March. (Do not round intermediate calculations.) Cash collections January February March

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