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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 $98,600 105,800 August Forecast:
Scottsdale Co. has actual sales for July and August and forecast sales for September, October, November, and December as follows Actual $98,600 105,800 August Forecast: September October November December 113,500 93,700 122,200 107,400 Based on past experience, it is estimated that 28% of a month's sales are collected in the month of sale, 47% 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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