aestion 1 not yet nswered Peak sales for Northern Lift, a wholesale distributor of snow shovels, occur in November. The company's sales budget for the fourth quarter showing these peak sales is given below: Marked out of P Flag question October November December Total $ 400,000 $ 800,000 $ 700,000 $ 1,900,000 Budgeted sales (all on account) From past experience, the company has learned that 25% of a month's sales are collected in the month of sale, another 70% are collected in the month following sale, and the remaining 5% are collected in the second month following sale. Bad debts are negligible and can be ignored, August sales totalled $70,000, and September sales totalled $180,000 Required: a. Calculate expected cash collections in OCT (to the nearest dollar) Answer: acer F9 F10 F11 F12 Scroll Lock Pauno BER Page - Backspace Insert Home Lock Answer: Question 2 Not yet answered b. Calculate expected cash collections in NOV (to the nearest dollar) Marked out of 3.0 Answer: P Flag question Question 3 Not yet answered c. Calculate expected cash collections in DEC (to the nearest dollar) Marked out of 3.0 Answer: P Flag question Next pag acer F6 F7 F9 F10 F11 F12 Pri Sem Sys RA PA Scroll Lock Break