Question
Treasure Service anticipates the following sales revenue over a five-month period: (Click the icon to view the sales data.) Treasure Service's sales are 35%
Treasure Service anticipates the following sales revenue over a five-month period: (Click the icon to view the sales data.) Treasure Service's sales are 35% cash and 65% credit. Treasure Service's collection history indicates that credit sales are collected as follows: i (Click the icon to view the collections data.) How much cash will be collected in January? In February? In March? Complete the cash budget to determine how much cash will be collected in January, February, and in March. (Round your answers to the nearest whole dollar.) Treasure Service Cash Collections Budget For the Months of January through March Cash sales January February March Quarter 4610 7800 9885 Collection of credit sales: 25% Month of sale 3850 0 2310 50% Month after 5100 7700 6825 1428 1610 1659 14% Two months after 14988 17110 21679 52777 Total cash collections Sales Data November Sales revenue.... $ 16,700 More info December January February March $ 10,200 $ 15,400 $ 12,000 $ 14,100 25% in the month of the sale 50% in the month after the sale 14% two months after the sale 11% are never collected Print Done Print Done
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