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Do Homework- mohammed almosharet-Google Chrome Secure http://www m athudcom Student playerHomeworkasp?homeworki:453856374&questorld-10bflushedstrue;&cid-4746422;&cent.; BA 213 Managerial Accounting F17 TR Homework: Master Budget Part 1 Save Score: 0 of 1 pt 14 of 16 (11 conplete) HW Score: 62.5%, 10 of 16 pts S22-9 (similar to) Question Help Yoder expects total sales of 5362,000 in January and $403,000 in February Assume that Yoder's sales are collected as follows (Click the icon to view the collections.) November sales totafled 5310.000, and December sales were $250 000 Prepare a schedule of cash receipts from customers for January and February Round answers to the nearest dollar (H a box is not used in the table leave the box empty do not enter a zero) JanuaryFebruary Total sales January 1 February More lnto Cash Roceipts from Customers Nov- -Crecit sales collection of Nov sales in Jan Dec- -Cradit sales collection of Dec sales in Jan Dec-Credit sales colection of Dec salos in Fob Jan-Credit sales, colection of Jan. sales in Jan Jan -Crodit sales, colection of Jan cales in Fob Feb-Credit sales, collection of Feb. sales in Feb Total cash receipts from customers 80% in the month of the sale 10%it the month ahr tho sale 6% two months aher the sale 4% never colected Print Done Enter any number in the edit fields and then click Check Answer All parts showing Clear Ad Check Answer 10 e arch

Explanation / Answer

The following is the required table along with simultaneous workings:

January February Total sales $362,000 $403,000 January February Cash receipts from customers Nov - Credit sales collection of Nov sales in Jan (6%*310,000) $18,600 nil Dec- Credit sales collection of Dec sales in Jan (10%*250,000) 25,000 nil Dec-Credit sales collection of dec sales in feb (6%*250,000) nil $15,000 Jan- credit sales collection of Jan sales in Jan (80%*362,000) 289,600 nil Jan - credit sales collection of Jan sales in Feb (10%*362,000) nil 36,200 Feb - credit sales collected in feb (80% * 403,000) nil 322,400 Total cash receipts from customers $333,200 $373,600

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