ABC, Inc. acquired a competitor from a private company on June No receivables were acquired with the purchase. Therefore, total accounts receivable on June had a zero balance.

ABC, Inc. plans to bill customers in the month following the month of sale, and of the resulting billings will be collected during the billing month. of the remaining balance should be collectable in the next following month. The remaining uncollectible amounts will relate to companies who have cash flow problems. Such amounts are never expected to be collected and will be written off.

Sales during June are estimated at $ and expected to increase in July. August sales will be less than July sales.

a For each dollar of sales, now much is expected to be collected?

b Estimate the monthly cash collections for June, July, August, and September.

c As of the end of August, how much will be the estimated amount of receivables for which future cash flows are anticipated?