Calculate the sales for november

Reference no: EM132206336

Question - The following is the sales budget for Harp, Inc., for the first quarter of 2015: January February March Sales budget $ 198,000 $ 218,000 $ 241,000 Credit sales are collected as follows: 55 percent in the month of the sale 30 percent in the month after the sale 15 percent in the second month after the sale The accounts receivable balance at the end of the previous quarter was $82,000 ($52,000 of which was uncollected December sales).

a. Calculate the sales for November.

b. Calculate the sales for December.

c. Calculate the cash collections from sales for each month from January through March.

Reference no: EM132206336

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