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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

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

40%

Sales on account collected in month of sale

20%

Sales on account collected one month after sale

50%

Sales on account collected two months after sale

30%

Make a cash collections budget for October

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