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CA Audio Company produces speakers. Sales information is presented below: October November December Cash Sales $ 1 0 , 0 0 0 $ 1 0

CA Audio Company produces speakers. Sales information is presented below: October November December Cash Sales $10,000 $10,000 $20,000 Credit Sales $250,000 $300,000 $300,000 Total Sales $260,000 $290,000 $320,000 Cash sales are collected immediately, all credit sales are collected 70% in the month of the sale with the remaining 30% collected in the following month. Prepare a schedule showing all budgeted cash receipts (collections) for the month of November only. Label all amounts and show supporting computations.

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