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Scottsdale Co. has actual sales for July and August and forecast sales for September, October, November, and December as follows: $ 98,700 105,100 Actual: July
Scottsdale Co. has actual sales for July and August and forecast sales for September, October, November, and December as follows: $ 98,700 105,100 Actual: July August Forecast: September October November December 114,100 94,900 122,600 107,200 Based on past experience, it is estimated that 20% 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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