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Treasure 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
Treasure 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 total? 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.) Treasure Service Cash Collections Budget For the Months of January through March January - X Cash sales Data table More info Collection of credit sales: 25% Month of sale 25% in the month of the sale November 50% Month after December March January $ 15,600 February $ 12,600 Sales revenue...... $ 16,500 $ 10,800 $ 14,000 15% Two months after 50% in the month after the sale 15% two months after the sale Total cash collections 10% are never collected Print Done Print Done
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