Business, 19.05.2020 17:01 shelbyp2003

He following is the sales budget for Profit, Inc., for the first quarter of 2018: January February March Sales budget $ 214,000 $ 234,000 $ 257,000 Credit sales are collected as follows: 60 percent in the month of the sale 25 percent in the month after the sale 15 percent in the second month after the sale The accounts receivable balance at the end of the previous quarter was $98,000 ($68,000 of which was uncollected December sales). a. Calculate the sales for November. (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) b. Calculate the sales for December. (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) c. Calculate the cash collections from sales for each month from January through March. (Do not round intermediate calculations and round your answers to 2 decimal places, e. g., 32.16.)

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He following is the sales budget for Profit, Inc., for the first quarter of 2018: January February M...

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