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Sales receipts. California Cement Company anticipates the following fourth-quarter sales for 2014: $1,723,000 (October), $1,653,000 (November), and $2,041,000 (December). It posted the following sales figures
Sales receipts. California Cement Company anticipates the following fourth-quarter sales for 2014: $1,723,000 (October), $1,653,000 (November), and $2,041,000 (December). It posted the following sales figures for the third quarter of 2014: $1,829,000 (July), $1,980,000 (August), and $2,104,000 (September). The company sells 35% of its products on credit, and 65% are cash sales. The company collects credit sales as follows: 30% in the following month, 49% two months later, and 18% three months later, with 3% defaults. What are the anticipated cash inflows for the last quarter of 2014? .. Given the July sales of $1,829,000, The amount collected in July is $)(Round to the nearest dollar.) The amount collected in August is $. (Round to the nearest dollar.) The amount collected in September is $ (Round to the nearest dollar.) The amount collected in October is $ (Round to the nearest dollar.) The amount not collected is $ (Round to the nearest dollar.) Given the August sales of $1,980,000, The amount collected in August is $ (Round to the nearest dollar.) The amount collected in September is $. (Round to the nearest dollar.) The amount collected in October is $ (Round to the nearest dollar.) The amount collected in November is $ (Round to the nearest dollar.) The amount not collected is $1. (Round to the nearest dollar.) Given the September sales of $2,104,000, The amount collected in September is $. (Round to the nearest dollar.) The amount collected in October is $]. (Round to the nearest dollar.) The amount collected in November is $ (Round to the nearest dollar) The amount collected in December is $](Round to the nearest dollar.) The amount not collected is $ (Round to the nearest dollar.) Given the October sales of $1,723,000, The amount collected in October is $. (Round to the nearest dollar.) The amount collected in November is $ (Round to the nearest dollar.) The amount collected in December is $(). (Round to the nearest dollar.) The amount collected in January is $ (Round to the nearest dollar.) The amount not collected is $ (Round to the nearest dollar.) Given the November sales of $1,653,000, The amount collected in November is s (Round to the nearest dollar.) The amount collected in December is s (Round to the nearest dollar.) The amount collected in January is $ (Round to the nearest dollar.) The amount collected in February is $. (Round to the nearest dollar.) The amount not collected is $ (Round to the nearest dollar.) Given the December sales of $2,041,000, The amount collected in December is s (Round to the nearest dollar.) The amount collected in January is $. (Round to the nearest dollar.) The amount collected in February is $. (Round to the nearest dollar.) The amount collected in March is $. (Round to the nearest dollar.) The amount not collected is $ (Round to the nearest dollar.) The receipts for October are 5 (Round to the nearest dollar.) The receipts for November are $ (Round to the nearest dollar.) The receipts for December are $ (Round to the nearest dollar.)
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