assume the estimated cash collections from customers are as follows: 50% of a month's sales are collected in the month of sale, 40% are collected in the month following the sale, and 8% are collected in the second month following the sale, the remaining 2% are uncollectable.

1. What is the estimated cash receipts for September?

2. What is the estimated cash receipts for November?

Cash receipts budget Scottsdale Co. has actual sales for July and August and forecast sales for September, October, November, and December as follows: $ 98,000 105,000 Actual: July ... August.......... Forecast: September..... October ....... November ........ December ............... 114,000 94,000 122,000 107,000