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Scottsdale Company has actual sales for July and August and forecast sales for September, October, November, and December as follows: Actual: July August Forecast:
Scottsdale Company has actual sales for July and August and forecast sales for September, October, November, and December as follows: Actual: July August Forecast: September October November December $ 98,200 104,500 113,200 94,400 September October November 122,000 106,700 Based on past experience, it is estimated that 30% of a month's sales are collected in the month of sale, 50% are collected in the month following the sale, and 6% are collected in the second month following the sale. Required: Calculate the estimated cash receipts for September, October, and November. Cash Collections
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