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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 20% 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 20% cash and 80% 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.) OX Treasure Service Cash Collections Budget For the Months of January through March January February $ 3,080 $ 2.440 More info Cash sales 25% in the month of the sale Collection of credit sales: 25% Month of sale 50% in the month after the sale 3,080 2,440 4880 50% Month after 4,400 15% two months after the sale 10% are never collected 15% Two months after 2,004 1464 $ 12,564 10824 Total cash collections Print Done - X Data table November December January March February S 12,200 Sales revenue ....... $ 18,700 S 11,000 $ 15,400 $ $ 14,400 Print Done
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