November December JanuaryFebruary March Sales revenue$16,500 $11,200 $15,200 $13,200 $14,400 The company's...
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November December JanuaryFebruary March Sales revenue$16,500 $11,200 $15,200 $13,200 $14,400 The company's sales are 30% cash 70% credit Its collection history indicates that credit sales are collected as follows: 25% in the month of the sale 50% in the month after the sale 20% two months after the sale 5% are never collected Use the blue shaded areas on the ENTERANSWERS tab for inputs. Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instruction tab you will be marked wrong. Requirement How much cash will be collected in January? In February? In March? For the quarter in t
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