Yogi expectsoal salas af $365 000 in Jauary and $400,000 in Fetruary Yogi has th

Question

Yogi expectsoal salas af $365 000 in Jauary and $400,000 in Fetruary Yogi has the folowing schedule of cash rsceipts E(Cick on the icon to view the schedule of cash receipts ) Now assume that Yogis salas are collected as follows (Click on the icon to view new cash receipts assumptions.) Novamher salas tatalad $290,00D, and Decamber sales ware $310,000 Prepare aavisad sthedula of cash recaipts for Janury an Fehruary. Raund answers to the nearest dollar (If a box is not used in the table leave the box empty: do not enter a zero) More Info Data Table Cash Receipts from Customers JanuaryFebruary Total salas Cash Receipts from Customers Reviged cash receipts a9sumptions: 40% in th month of the sale 30% in the month after the sale 26% two months after the sales 4% never collected JanuaryFebruary January February 5 365 UD 40 000 January February Cash Receipts from Customars: Total sales Nov-Credit sales, collaction of Now. salas in Jan c.-Credit sales, collection of Dec. sales in Jan c.-Credit sales, collection of Dec. sales in Feb n-Credit sales, collection of Jan sales in Jan n-Credit sales, collection of Jan. sales in Feb. -Credit sales, cellecton of Feb. sales n Feb. Cash Receipts from Customers: Print Done Credt sales, collectian of Nav sales in Jan 5 52 200 Credit sales callection of Dec sales in Jan 67 000 Credit sales callaction of Doc sales in Fab S 55a 219 000 n-Credit salles, calaction of Jan salas in Jan n-Credit sales, colection of Jan, salas in Fab Feb-Credit sales, collection of Feb. salas in Feb Tolal cash receipts from cuslomers 73,000 240.0 333.200 S368,800 Total cash receipts from customers Original cash receipts assuriptions 60% in the month of the sale 20% in the month after the sale 18% two maths after the sales 296 never collected Print Done

Explanation / Answer

January February Total sales 365000 400000 January February Cash receipts from customers: Nov-Credit sales, collection of nov. sales in Jan 75400 Dec-Credit sales, collection of Dec. sales in Jan 93000 Dec-Credit sales, collection of Dec. sales in Feb 80600 Jan-Credit sales, collection of Dec. sales in Jan 146000 Jan-Credit sales, collection of Dec. sales in Feb 109500 Feb-Credit sales, collection of Dec. sales in Feb 160000 Total cash receipts from customers 314400 350100

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