Question 2 Forecast sales information: Units of Products Unit Price $ 2021 - Nov 2,800...
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Question 2 Forecast sales information: Units of Products Unit Price $ 2021 - Nov 2,800 25 2021 - Dec 3,000 30 2022 - Jan 3,200 30 2022 - Feb 3,400 30 2022 - Mar 3,600 35 Additional information: 1. 20% of total sales are on credit, the remaining 80% are cash sales 2. 10% of credit sales are collected in the same month 3. 70% 1 month after the credit sales 4. 20% 2 months after the credit sales Required Prepare a cash collection budget for the 3 months ending March 31, 2022. Descriptions Jan ($) Feb ($) Mar ($)
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