Given the following information for Nugget Corporation, answerthe questions below.
November December January February March Sales $300,000 $250,000$275,000 $325,000 $350,000
Cash collected in month of sale 10% Credit collections:Collected in month of sale 10% Collected in month following thesale 75% Collected in second month following the sale 15%
Each question should have one amount in the answer field.
You must format your answers as follows: $x,xxx
1 Total collections from cash sales for the quarter ending March31, 2018.
2 Total collections from credit sales for the quarter endingMarch 31, 2018.
