rald Service anticipates the following sales revenue over e-month period Its collection history indicates that credit sales are collected as follows (Click the icon to view the sales data) A (Click the icon to view the collections data) company's sales are 40% cash and 60% credit. How much cash will be collected in January? In February? In March? For the quarter in total2 Data table November December January February March Sales revenue.... $ 16,900 $10,600 $ 15,200 $ 12.400 %24 14,200 Print Done DIRS JO UOIAL 0C 50% Month after 5% Two months after cash collections lec e More info budget answers 25% in the month of the sale ch 50% in the month after the sale 15% two months after the sale 10% are never collected Print Done sales: sale er

rald Service anticipates the following sales revenue over e-month period Its collection history indicates that credit sales are collected as follows (Click the icon to view the sales data) A (Click the icon to view the collections data) company's sales are 40% cash and 60% credit. How much cash will be collected in January? In February? In March? For the quarter in total2 Data table November December January February March Sales revenue.... $ 16,900 $10,600 $ 15,200 $ 12.400 %24 14,200 Print Done DIRS JO UOIAL 0C 50% Month after 5% Two months after cash collections lec e More info budget answers 25% in the month of the sale ch 50% in the month after the sale 15% two months after the sale 10% are never collected Print Done sales: sale er

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Schedule of Cash Collections of Accounts Receivable Office World Inc. has "cash and carry" customers and credit customers. Office World estimates that 20% of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, 20% pay their accounts in the month of sale, while the remaining 80% pay their accounts in the month following the month of sale. Projected sales for the next three months are as follows: October $113,000 November 141,000 December 207,000 The Accounts Receivable balance on September 30 was $76,000. Prepare a schedule of cash collections from sales for October, November, and December. Round all calculations to the nearest whole dollar. Office World Inc. Schedule of Collections from Sales For the Three Months Ending December 31 October November December Receipts from cash sales: Cash sales $ $ $ September sales on account: Collected in October October sales on account:…
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Cash collections for Wax On Candles found that 58% of sales were collected in the month of the sale, 33% was collected the month after the sale, and 4% was collected the second month after the sale. Given the sales shown, how much cash will be collected in January? Round to the nearest penny, two decimal places. Wax On Candles data December $23,765 Month Sales November $27,874 January $28,375 February $25,849
solve jan feb march quater fast please do it
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