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November sales for last year were $ 110 comma 000​, while December sales were $ 115 comma 000. Projected sales for the next three months are as​ follows: January sales . . . . . . . . . . . . . . . . $145,000 February sales . . . . . . . . . . . . . . . $125,000 March sales . . . . . . . . . . . . . . . . . $175,000 Requirement Prepare a cash collections budget for the first​ quarter, with a column for each month and for the quarter. ​(Round your answers to the nearest whole​ dollar.)

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tanseershar

Answer:

In the question, collection of sales is not given which is credit sales are collected 25% in the month of sale,50% in the month after sale,16% after two month of sale and 9% are never collected.Keeping in mind these pattern of collection of credit sales,the working is attached for ready reference

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