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Attached are budgeted sales for the month's of September -December. September October November December $100,000 $160,000 $180,000 $120,000 25% of sales are collected immediately in
Attached are budgeted sales for the month's of September -December. | |||||
September | October | November | December | ||
$100,000 | $160,000 | $180,000 | $120,000 | ||
25% of sales are collected immediately in cash, | |||||
Of the 75% credit sales | 50% is collected later in the month sold, | ||||
30% are collected the month following the sale, | |||||
15% is collected two months later | |||||
The remainder is uncollectible. | |||||
Prepare a schedule of expected cash collections from sales for the months of September and October |
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