Brief Exercise 21-9 Your answer is partially correct. Try again Kaspar Industrie

Question

Brief Exercise 21-9 Your answer is partially correct. Try again Kaspar Industries expects credit sales for January, February, and March to be $205,100,?263,100, and $314,500, respectively. It is expected that 75% of the sales will be collected in the month of sale, and 25% will be collected in the following month Compute cash collections from customers for each month Collections from Customers Credit Sales January February March January 153,825 0 78625 February 51275 197325 0 March 65,775 235,875 205100 263100 314500 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT INTERACTIVE TUTORIAL

Explanation / Answer

Credit sales January February March January 153825 51275 0 February 0 197325 65775 March 0 0 235875 153825 248600 301650

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