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30% of its sales are for cash and 70% are on credit.An analysis of credit sales shows that 50% of credit sales are collected in

30% of its sales are for cash and 70% are on credit.An analysis of credit sales shows that 50% of credit sales are collected in the month following the sale, 45% are collected in the second month, and 5% prove to be uncollectible.Use the following sales budget to calculate the listed items and show your answers.

Aug

Sept

Oct

Nov

$ 300,000

$ 325,000

$ 335,000

$ 360,000

Receipts from cash sales:

$ 90,000

$ 97,500

$ 100,500

$ 108,000

Collections from August credit sales:

Collections from September credit sales:

Collections from October credit sales:

Total cash collections during the month:

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