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Sales receipts. California Cement Company anticipates the following fourth-quarter sales for 2014: $1,737,000 (October), $1,689,000 (November), and $2,017,000 (December). It posted the following sales figures
Sales receipts. California Cement Company anticipates the following fourth-quarter sales for 2014: $1,737,000 (October), $1,689,000 (November), and $2,017,000 (December). It posted the following sales figures for the third quarter of 2014: $1,987,000 (July), $2,086,000 (August), and $2,114,000 (September). The company sells 36% of its products on credit, and 64% 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
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