Question
Sales receipts. California Cement Company anticipates the following fourth-quarter sales for 2014: $1,767,000(October), $ 1,686,000 (November), and $2,008,000 (December). It posted the following sales figures
Sales receipts.
California Cement Company anticipates the following fourth-quarter sales for 2014:
$1,767,000(October), $ 1,686,000 (November), and $2,008,000 (December). It posted the following sales figures for the third quarter of 2014: $1,961,000(July), $2,013,000(August), and $2,300,000 (September).The company sells 45 % of its products on credit, and 55 % are cash sales. The company collects credit sales as follows: 31 % in the following month,49 % two months later, and 19 %three months later, with 1 % defaults.
What are the anticipated cash inflows for the last quarter of 2014?
Given the July sales of $1,961,000
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 $2,013,000
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
$ (Round to the nearest dollar.)
Given the September sales of $2,300,000
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 $1,767,000
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 $1,686,000
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 collected in February is
$ (Round to the nearest dollar.)
The amount not collected is
$ (Round to the nearest dollar.)
Given the December sales of $2,008,000
The amount collected in December is
$ (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
$ (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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