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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 August $ 97,500
Scottsdale Co. has actual sales for July and August and forecast sales for September, October, November, and December as follows Actual: July August $ 97,500 105,500 Forecast: September October November December 113,900 94,500 121,500 107,500 Based on past experience, it is estimated that 25% of a month's sales are collected in the month of sale, 52% 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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