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Treasure Service anticipates the following sales revenue over a five-month period (Click the loon to view the sales data) The company's sales are 30%
Treasure Service anticipates the following sales revenue over a five-month period (Click the loon to view the sales data) The company's sales are 30% cash and 70% cred Its collection history indicates that credit sales are colected as folos (Cick 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 th Ca Collection of credit sales 20% Month of sa Treasure Service Cash Collections Budget For the Months of January through March January February March Quarter More info 20% in the month of the sae 40% in the month after the sale 25% two months after the sale 15% are never colected 40% Month after 25% Two months after Total cash collection Data table November December January February March Sales revenue $ 16,600 $ 10,800 $ 15,400 $ 13.000 $ 14,400 Print Done
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