Business
Business, 08.11.2019 04:31, marz2479

Mikail reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $ 896 comma 000 in october, $ 968 comma 000 in november, $ 1 comma 055 comma 000 in december, and $ 934 comma 000 in january. mikail's sales are 30% cash and 70% credit. the company's collection history indicates that credit sales are collected as follows: 25% in the month of the sale 65% in the month after the sale 8% two months after the sale 2% are never collected 1. prepare a sales budget for all four months, showing the breakdown between cash and credit sales. 2. prepare a cash collections budget for december and january. round all answers up to the nearest dollar.

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Mikail reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $ 896...

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