Byerly Corporation anticipates the following sales revenue over a five month period:
Byerly Corporation's sales are 40% cash and 60% credit.The Byerly Corporation's collection history indicates that credit sales are collected as follows:

Required:
Prepare a cash collections budget for each month in the quarter (January,February,and March)and for the quarter in total.

Question

Byerly Corporation anticipates the following sales revenue over a five month period:  
Byerly Corporation's sales are 40% cash and 60% credit.The Byerly Corporation's collection history indicates that credit sales are collected as follows:
  
Required:
Prepare a cash collections budget for each month in the quarter (January,February,and March)and for the quarter in total.

Quizplus · Accepted Answer

The Answer of Byerly Corporation anticipates the following sales revenue over a five month period:  
Byerly Corporation's sales are 40% cash and 60% credit.The Byerly Corporation's collection history indicates that credit sales are collected as follows:
  
Required:
Prepare a cash collections budget for each month in the quarter (January,February,and March)and for the quarter in total.

Byerly Corporation Anticipates the Following Sales Revenue Over a Five