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  3. november sales for last year were $80.000, while d

November sales for last year were $80.000, while December sales were $110,000 Proces three months...

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Accounting

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November sales for last year were $80.000, while December sales were $110,000 Proces three months are as follows: s Anderson Corporation has found that 80% of its sales in any given month are credit sales, while the remainder arnash sales of the credit sales. Anderson Corporation has experienced the following collection pattem: for the next January sales $ 145.000 20% received in the month of the sale 40% received in the month for the sale 25% received two months after the sale February $ 115.000 15% of the credit sales are never received Requirement Prepare a cash collections budget for the first quarter with a column for each month and for the quarter (Round your rowers to the nearest whole dollar) Anderson Corporation Cash Collections Budget For the Months of January through March Cash sales Collections on credits 20% Moth of sale 40% Month wher 25% Two months Total cash collections

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