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Coyote Loco, Inc., a distributor of salsa, has the following historical collection pattern for its credit sales. 70 percent collected in the month of sale.

Coyote Loco, Inc., a distributor of salsa, has the following historical collection pattern for its credit sales. 70 percent collected in the month of sale. 15 percent collected in the first month after sale. 10 percent collected in the second month after sale. 4 percent collected in the third month after sale. 1 percent uncollectible. The sales on account have been budgeted for the last seven months as follows: June $124,500 July 152,000 August 177,000 September 204,000 October 229,000 November 254,000 December 216,500 Compute the estimated total cash collections during October from credit sale Compute the estimated total cash collections during the fourth quarter from sales made on account during the fourth quarter.

Compute the estimated total cash collections during October from credit sales

Compute the estimated total cash collections during the fourth quarter from sales made on account during the fourth quarter.

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