need February, March, and Quarter. will upvote Kerwin Corporation...
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Accounting
need February, March, and Quarter. will upvote
Kerwin Corporation has found that 60% of its sales in any given month are credit November sales for last year were $100,000, while December sales were sales, while the remainder are cash sales of the credit salos Karwin Corporation $115,000. Projected sales for the next three months are as follows has experienced the following collection patter: January sales........ $ 150.000 25% received in the month of the sale February sales $ 120,000 50% received in the month after the sale March sales $185.000 14% received two months after the salo Requirement 11% of the credit sales are never received Prepare a cash collections budget for the first quarter with column for each month and for the quarter (Round your answers to the nearest whole dar) Cash Collections Budget For the Months of January through March January Cash sales Collections on credit sales 25% Month of sale 50% Month after 14% Two months after Total cash collections
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