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Sales receipts. California Cement Company anticipates the following fourth-quarter sales for 2014: $1,880,000 (October), $1,645,000 (November), and $2,097,000 (December). It posted the following sales figures
Sales receipts. California Cement Company anticipates the following fourth-quarter sales for 2014: $1,880,000 (October), $1,645,000 (November), and $2,097,000 (December). It posted the following sales figures for the third quarter of 2014: S1,881,000 (July), $1,907,000 (August), and $2,278,000 (September). The company sells 41% of its products on credit, and 59% are cash sales. The company collects credit sales as follows: 29% in the following month, 50% two months later, and 18% three months later, with 3% defaults. What are the anticipated cash inflows for the last quarter of 2014
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