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Cash Collection Budget Home Depot anticipates the following sales revenue over a five-month period :...

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Cash Collection Budget Home Depot anticipates the following sales revenue over a five-month period : November December January February March Sales revenue $16,500 $11,200 $15,200 $13,200 $14,400 The company's sales are 30% cash and 70% credit. Its collection history indicates that credit sales are collected as follows: 25% in the month of the sale 50% in the month after the sale 20% two months after the sale 5% are never collected How much cash will be collected in January? In February? In March? For the quarter in total

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