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Scottsdale Co. has actual sales for July and August and forecast sales for September October, November, and December as follows: $ 98,900 105,900 Actual: July
Scottsdale Co. has actual sales for July and August and forecast sales for September October, November, and December as follows: $ 98,900 105,900 Actual: July August Forecast: September October November December 114,500 93,700 121,800 107,800 Based on past experience, it is estimated that 30% of a month's sales are collected in the month of sale, 47% are collected in the month following the sale, and 10% 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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