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Topaz Service anticipates the following sales revenue over a five-month period: (Click the icon to view the sales data.) The company's sales are 40%
Topaz Service anticipates the following sales revenue over a five-month period: (Click the icon to view the sales data.) The company's sales are 40% cash and 60% credit. 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 tatal Complete 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.) Topaz Service Cash Collections Budget For the Months of January through March More info Cash sales Collection of credit sales: 25% Month of sale 50% Month after 15% Two months after Total cash collections Data table January November December January February March Sales revenue $ 16,200 $ 10,800 $ 15,000 $ 13,000 $ 14,600 25% in the month of the sale 50% in the month after the sale 15% two months after the sale 10% are never collected Print Done -
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