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Sales receipts. National Beverage Company anticipates the following first-quarter sales for 2015: $1,789,000 (January), $1,605,000 (February), and $2,070,000 (March). It posted the following sales
Sales receipts. National Beverage Company anticipates the following first-quarter sales for 2015: $1,789,000 (January), $1,605,000 (February), and $2,070,000 (March). It posted the following sales figures for the last quarter of 2014: $1,848,000 (October), $1,971,000 (November), and $2,189,000 (December). The company sells 43% of its products on credit; 57% are cash sales. The company collects credit sales as follows: 30% in the following month, 49% two months later, and 19% three months later, with 2% defaults. What are the anticipated cash inflows for the first quarter of 20157 Of the $1,848,000 October sales, The amount collected in October is $ (Round to the nearest dollar.)
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