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Need help ASAP Custom Clothing Company makes sweatshirts. Based on experience the company collects 60% of sales in the month of sale and the remaining

Need help ASAP
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Custom Clothing Company makes sweatshirts. Based on experience the company collects 60% of sales in the month of sale and the remaining amount in the following month. At the end of September, the accounts receivable balance was $46,000, which is expected to be collected in October. Budgeted sales are as follows: Required: 1. Calculate the expected cash collections from sales by month and in total for the quarter. ( 8 marks) 2. What are the budgeted accounts receivable at the end of December? (1 mark)

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