shalimar company manufactures and sells industrial products. for next year, shalimar has budgeted the following sales: quarter 1 $4,690,000 quarter 2 5,800,000 quarter 3 6,490,000 quarter 4 8,030,000 in shalimar's experience, 10 percent of sales are paid in cash. of the sales on account, 65 percent are collected in the quarter of sale, 25 percent are collected in the quarter following the sale, and 7 percent are collected in the second quarter after the sale. the remaining 3 percent are never collected. total sales for the third quarter of the current year are $5,480,000 and for the fourth quarter of the current year are $7,670,000. required: question content area 1. calculate cash sales and credit sales expected in the last two quarters of the current year, and in each quarter of next year. quarter cash sales credit sales 3, current year $fill in the blank c71947fc5f87fb3 1 570,000 $fill in the blank c71947fc5f87fb3 2 4, current year fill in the blank c71947fc5f87fb3 3 fill in the blank c71947fc5f87fb3 4 1, next year fill in the blank c71947fc5f87fb3 5 fill in the blank c71947fc5f87fb3 6 2, next year fill in the blank c71947fc5f87fb3 7 fill in the blank c71947fc5f87fb3 8 3, next year fill in the blank c71947fc5f87fb3 9 fill in the blank c71947fc5f87fb3 10 4, next year fill in the blank c71947fc5f87fb3 11 783,000 fill in the blank c71947fc5f87fb3 12 feedback area feedback
