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%E9-31A (similar to) Question Help Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales t
EY-STA (similar to) Question Help Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to
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Requirement 1 :
October November December January
Cash sales (30%) 272400 289800 321000 276000
Credit sales (70%) 635600 676200 749000 644000
Total sales 908000 966000 1070000 920000
Requirement 2 :
December January
Cash sales 321000 276000
Collection from credit sales :
   20% of current month credit sales 149800 128800
   65% of prior month credit sales 439530 486850
   12% of credit sales two month ago 76272 81144
Total cash collection 986602 972794
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