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Fiscal Company has the following sales budget for the last six months of 2022: July $100,000 August 80,000 September 110,000 October 90,000 November 100,000
Fiscal Company has the following sales budget for the last six months of 2022: July $100,000 August 80,000 September 110,000 October 90,000 November 100,000 December 94,000 Historically, the cash collection of sales has been as follows: 65 percent of sales collected in month of sale, 25 percent of sales collected in month following sale, 8 percent of sales collected in second month following sale, and 2 percent of sales are uncollectible. Prepare a schedule of cash collections for October, November, and December of 2022. Make sure to include totals. October November December
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