Yahoo Finance-...Questrade account Problem 4-25 Additionial Information December 540,000 February 640,000 660,000 March Of the firm's sales, 50 percent are for cash and the remaining 50 percent are on credit. Of credit sales, 40 percent are paid in the month after sale and 60 percent are paid in the second month after the sale. Materials cost 30 percent of sales and are purchased and received each month in an amount su cover the to sales. Materials are paid for in the month after they are received. s $36,000 in cash per month; expense is $11,600 per month. Taxes of $9,500 will be paid in January and dividends of Labour expense is 50 percent of sales and is paid in the month of sales. Selling and is 8 percent of sales and is also paid in the month of sales $3,500 will be paid in March. Cash at the beginning of January is $112,000, and the minimum desired cash a. Prepare a schedule of monthly cash receipts for January, February and March Cash Recepts Sched ber nu Credit sales Cash sales Collections in the month after credit sales) Collections two months after credit sales) Total cash receipts b. Feedback - Cover I...pdfCOMM 2215-Inter...doc