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In: Accounting16. Camen Company projects the following?sales:JanuaryFebruaryMarchCash sales (45%)$12,150$13,500$14,400...16. Camen Company projects the following?sales:JanuaryFebruaryMarchCash sales (45%)$12,150$13,500$14,400Sales on account (55%)14,85016,50017,600Total sales$27,000$30,000$32,000Camen collects sales on account in the month after the sale. TheAccounts Receivable balance on January 1 is $13,100?, whichrepresents December?'s sales on account. Camen projects thefollowing cash receipts from? customers:JanuaryFebruaryMarchCash receipts from cashsales$12,150$13,500$14,400Cash receipts from sales onaccount13,10014,85016,500Total cash receipts fromcustomers$25,250$28,35030,900Recalculate cash receipts from customers if total sales remainthe same but cash sales are only 25?% of the total.Begin bycomputing the cash sales and sales on account for each month ifcash sales are only 25?% of the total.JanuaryFebruaryMarchCash sales (25%)Sales on account (75%)Total sales$27,000$30,000$32,000?Now, recalculate cash receipts from customers for each month ifcash sales are only 25?%of the total.JanuaryFebruaryMarchCash receipts from cash salesCash receipts from sales on accountTotal cash receipts from customersEnter any number in the edit fields and then continue to thenext question.