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Jewel Service anticipates the following sales revenue over a ve-month period: its collection history indicates that credit sales are collected as

Please help me complete the cash budget to determine how much cash will be collected in January, February, and march for the quarter in totalScreen Shot 2018-05-07 at 8.54.10 PM.png

Screen Shot 2018-05-07 at 8.54.10 PM.png

Jewel Service anticipates the following sales revenue over a five-month period: its collection history indicates that credit sales are collected as follows:
a (Click the icon to view the sales data.) 0 (Click the icon to view the collections data.)
The oompany’s sales are 40% 03% and 50% (“Edit- How much cash will be collected in January? In February? In March? Forthe quarter in total? Complete the cash budget to determine how much cash will be collected in January, February, March and for the quarter in total. (Round your answers to the nearest whole dollar.) Jewel Service Cash Collections Budget For the Months of January through March 0 More Info
January February March Quarter
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Collection of credit sales: 20% in the month of the sale 20% Month of sale I:“:“:“:| 40% in the month after the sale
wwmmr E::jE::jE::jE::j aMMMmmmm mmmmW E::3C::3C::IE::1 0 Data Table November December January February March
Salesrevenue ....... $ 16,500 $ 11,200 $ 15,200 $ 12,600 $ 14,000 Print Done

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The cash will be collected as follows; JANUARY -40% of January sales Revenue -20% of January Credit sales -40% of December... View the full answer

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