Take me to the text credit sales), Assume the following histoncal tiends were noted by...
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Accounting
Take me to the text credit sales), Assume the following histoncal tiends were noted by minagerment reganding credit shor. - 50% of credit customers pay doeing the quarter in which the sale took ploce. - 32% of credit customers pay in the quarter immediastly following the quirter of sate - 13\% of credit customets pay in the second quarter followng the quarter of sale - The remaining 5% of credir sales are uncellectible. Do nos enter dellactignsor commas in the iocort boxes: Baund noucansesess bo the neorest whole mumber. a) Calculate the forecasted sales for each quarter (separate revenue into cash and credit sales). b) Prepare the cash receipts section of the 2022 cash budget (on a quarterly basis)
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