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Sales receipts. California Cement Company anticipates the following fourth-quarter sales for 2014: $1,800,000 (October), $1,600,000 (November), and $2,100,000 (December). It posted the following sales figures
Sales receipts. California Cement Company anticipates the following fourth-quarter sales for 2014: $1,800,000 (October), $1,600,000 (November), and $2,100,000 (December). It posted the following sales figures for the third quarter of 2014: $1,900,000 (July), $2,050,000 (August), and $2,200,000 (September). The company sells 90% of ts products on credit, and 10% are cash sales. The company collects c edit sales as follows: 609s in the follow ng month, 20% two months later, and 1996 three months later, with 1% defaults. What are the anticipated cash inflows for the last quarter of 2014? Given the July sales of $1,900,000, The amount collected in July is $D (Round to the nearest dollar.) The amount collected in August is S. (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 S (Round to the nearest dollar) Given the August sales of $2,050,000 The amount collected in August is$ The amount colected in September is S (Round to the nearest dollar.) The amount colected in October is S (Round to the nearest dollar.) Enter your answer in each of the answer boxes. 1 . (Round to the nearest dollar.)
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