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Treasure Service anticipates the following sales revenue over a five-month period: Its collection history indicates that credit sales are collected as follows: (Cick the icon
Treasure Service anticipates the following sales revenue over a five-month period: Its collection history indicates that credit sales are collected as follows: (Cick the icon to view the sales data.) The company's sales are 40% cash and 60% credit. (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 JanuaryFebruary Cash sales 6,000 $ 5,200 Collection of credit sales: 20% Month of sale 40% Month after 1,800 2,688 1,560 Data Table February March November December January $ 16,100 11,200 $ 15,000 S 13,000 $ 14,800 More Info 20% in the month of the sale 40% in the month after the sale 30% two months after the sale 10% are never collected 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 February Cash sales 6,000 $ 5,200 Collection of credt sales 1,800 2,688 2,898 13.386 1,560 20% Month of sale 40% Month after 30% Two months after Total cash collections
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