The following is the sales budget for Coore, Inc., for the first quarter of 2019:
Sales Budget for Jan. $133,000, Feb. $150,00, and March $165,00
________________________________________
Credit sales are collected as follows:
65 percent in the month of the sale
20 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 $93,750 ($68,250 of which was uncollected December sales).
a. Compute the sales for November. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
b. Compute the sales for December. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
c. Compute the cash collections from sales for each month from January through March. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)
