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Budgeted sales revenue for the coming five months is as follows: Month Sales revenue August $170,000 September $185,000 October $180,000 November $100,000 December $200,000 You

Budgeted sales revenue for the coming five months is as follows:

Month Sales revenue
August $170,000
September $185,000
October $180,000
November $100,000
December $200,000

You estimate that you will collect 35% of sales revenue in the month of sale, 40% in the following month, 15% two months after the sale, and the remaining 10% three months after the sale. Required: Compute budgeted cash inflows for November and December. November = $ 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.)

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