Compute the cash collection from sales for each month

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Reference no: EM13297148

The following is the sales budget for Segura, Inc., for the first quarter of 2010. Sales budget for January $129,000 February $146,000 March $161,000. Credit sales are collected as follows: 65% in the month of sales 20 % in the month after sales 15% on the second month after sales The accounts receivable balance at the end of the previous quarter was $92,000 ($67,000 of which was uncollected December sales). a. Compute the sales for Nov. b. Compute the sales for Dec. Compute the cash collection from sales for each month from January through March.

Reference no: EM13297148

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