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ABC Company has the following historical collection pattern for its credit sales: 70% collected in month of sale 15% collected in the first month after
ABC Company has the following historical collection pattern for its credit sales: 70% collected in month of sale 15% collected in the first month after sale 10% collected in the second month after sale 4% collected in the third month after sale 1% uncollectible Credit sales are for the last 6 months are as follows: July $60,000 August $70,000 September $80,000 October $90,000 November $100,000 December $85,000 the estimated total cash collections during october from accounts receivable would be
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