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Scottsdale Co. has actual sales for July and August and forecast sales for September, October, November, and December as follows: Actual : July $294, 000
Scottsdale Co. has actual sales for July and August and forecast sales for September, October, November, and December as follows: Actual : July $294, 000 August 315, 000 Forecast : September 342, 000 October 282, 000 November 366, 000 December 321, 000 Based on past experience, it is estimated that 40% of a month's sales are collected in the month of sale, 50% are collected in the month following the sale, and 9% are collected in the second month following the sale. Required: Calculate the estimated cash receipts for September, October, and November. Cash collections September October November
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