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Homework answers / question archive / Topaz Service anticipates the following sales revenue over a five-month period (Click the icon to view the sales data) The company's sales are 20% cash and 80% credit
Topaz Service anticipates the following sales revenue over a five-month period (Click the icon to view the sales data) The company's sales are 20% cash and 80% credit. Its collection history indicates that credit sales are collected as follows: (Click the icon to view the collections data.) How much cash will be collected in January? In February? In March? For the 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.) Topaz Service Cash Collections Budget For the Months of January through March January Cash sales Collection of credit sales: 20% Month of sale 40% Month after 25%. Two months after Total cash collections Topaz Service anticipates the following sales revenue over a five-month period (Click the icon to view the sales data) The company's sales are 20% cash and 80% credit. Its collection history indicates that credit sales are collected as follows: (Click the icon to view the collections data.) How much cash will be collected in January? In February? In March? For the 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.) Topaz Service Cash Collections Budget ? For the Months of January through March More info January 20% in the month of the sale Cash sales Collection of credit sales: 20% Month of sale 40% Month after 40% in the month after the sale 25% two months after the sale 15% are never collected 25%. Two months after Total cash collections Print Done Topaz Service anticipates the following sales revenue over a five-month period (Click the icon to view the sales data) The company's sales are 20% cash and 80% credit. Its collection history indicates that credit sales are collected as follows: (Click the icon to view the collections data.) How much cash will be collected in January? In February? In March? For the 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.) Topaz Service Cash Collections Budget For the Months of Janual - ? January Data table Cash sales Collection of credit sales: 20% Month of sale 40% Month after January March November Sales revenue ....... $ 16.100 December $ 10,000 February $ 12,800 $ 15,400 S 14,800 25% Two months after Total cash collections Print Done
