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Budgeted sales revenue for the coming five months is as follows: You estimate that you will collect 30% of sales revenue in the month of

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Budgeted sales revenue for the coming five months is as follows: You estimate that you will collect 30% of sales revenue in the month of sale, 40% in the following month, 25% two months after the sale, and the remaining 5% three months after the sale. Compute budgeted cash inflows for November and December (Hint pay attention to the timing, e.g. " 40% is collected in the following month" means 40% of August revenue is collected in September, i.e., cash receipts (inflows) for September include 40% of previous month's sales revenue.) November =$ December =$

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