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Contrail Air, Inc. has the following sales budget and cash collection information: Credit Sales In the month of the sale 55% In the month after

Contrail Air, Inc. has the following sales budget and cash collection information:

Credit Sales
In the month of the sale 55%
In the month after the sale 25%
In the second month after the sale 15%
A/R balance at the end of previous Q $106,800
December uncollected sales $76,300
January February March
Sales Budget $236,300 $245,600 $275,400

Compute the November Sales.

$203,333.33
$1,220,666.67
$290,909.09
$1,066,666.67

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