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Please help The management of Horton Company estimates that credit sales for August, September, October, and November will be $270,000, $375,000, $420,000, and $240,000, respectively.

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The management of Horton Company estimates that credit sales for August, September, October, and November will be $270,000, $375,000, $420,000, and $240,000, respectively. Experience has shown that collections are made as follows.

In month of sales

25%

In first month after sale

60%

In second month after sales

10%

Determine the collections from customers in October and November. Show all computations.

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