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Hardwood Floors has planned the following sales for the next three months: August September October November Sales $140,000 $100,000 $175,000 $160,000 From experience, Hardwood Floors

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Hardwood Floors has planned the following sales for the next three months: August September October November Sales $140,000 $100,000 $175,000 $160,000 From experience, Hardwood Floors has learned a month's sales are collected according to the following pattern: Cash sales Sales on account collected in month of sale Sales on account collected one month after sale Sales on account collected two months after sale 40% 20% 50% 30% Prepare a cash collections budget for October and November. 10 marks

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