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Sales receipts. California Cement Company anticipates the following fourth-quarter sales for 2014: $1,895,000 (October), $1,570,000 (November), and $2,122,000 (December). It posted the following sales figures
Sales receipts. California Cement Company anticipates the following fourth-quarter sales for 2014: $1,895,000 (October), $1,570,000 (November), and $2,122,000 (December). It posted the following sales figures for the third quarter of 2014: $1,962,000 (July), $2,026,000 (August), and $2,294,000 (September). The company sells 45% o its products on credit, and 55% are cash sales. The company collects credit sales as follows: 32% in the following month, 49 two months later, and 17% three months later, with 2% defaults. What are the anticipated cash inflows for the last quarter of 2014? The amount collected in November is S Round to the nearest dollar.) The amount not collected is S (Round to the nearest dollar) Given the September sales of $2,294,000, The amount collected in September is S (Round to the nearest dollar) The amount colected in October is $ (Round to the nearest dolar) The amount colected in November is S.. (Round to the nearest dollar.) The amount collected in December is S (Round to the nearest dollar ) The amount not colected is SD (Round to the nearest dollar) Given the October sales of $1,895,000 The amount collected in October is S (Round to the nearest dollar) Enter your answer in each of the answer boxes
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