Business, 22.04.2020 22:45 kobiemajak

Augustine Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $ 904 comma 000 in October, $ 964 comma 000 in November, $ 1 comma 045 comma 000 in December, and $ 936 comma 000 in January. Augustine's sales are 20% cash and 80% credit. The company's collection history indicates that credit sales are collected as follows: 30% in the month of the sale 60% in the month after the sale 8% two months after the sale 2% are never collected Use the blue shaded areas on the ENTERANSWERS tab for inputs. Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instruction tab you will be marked wrong. Requirements 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. a. Use cell references from the prior requirement, if applicable.

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