Exercise 14-13 (Algo) Cash receipts budget LO 14-4, 14-7 Brooklyn Studio's sales are all made on account. The firm's collection experience has been that 29% of a month's sales are collected in the month the sale is made, 49% are collected in the month following the sale, and 20% are collected in the second month following the sale. The sales forecast for the months of September through December is as follows: September October November December $ 237,000 287,000 311,000 363,000 Required: Calculate the cash collections that would be included in the cash budgets for November and December. November December Cash Collections

Exercise 14-13 (Algo) Cosh receipts budget LO 14-4, 14-7 Brooklyn Studio's sales are all made on account. The firm's collection experience has been that 29% of a month's sales are collected in the month the sale is made, 49% are collected in the month following the sale, and 20% are collected in the second month following the sale. The sales forecast for the months of September through December is as follows: Required: Calculate the cash collections that would be included in the cash budgets for November and December. Exercise 14-13 (Algo) Cosh receipts budget LO 14-4, 14-7 Brooklyn Stuctio's sales are all made on account. The firm's collection experience has been that 29% of a month's sales are colected in the month the sale is made, 49% are collected in the month followng the sale, and 20% are colected in the second month following the sale. The sales forecast for the months of September though December is as follows Required: Calculate the cash collections that would be included in the cash budgets for November and December