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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 $ 97,500 August
Scottsdale Co. has actual sales for July and August and forecast sales for September, October, November, and December as follows: Actual: July $ 97,500 August 105,400 Forecast: September 114,500 October 93,100 November 121,500 December 108,000 Based on past experience, it is estimated that 23% of a months sales are collected in the month of sale, 54% are collected in the month following the sale, and 11% are collected in the second month following the sale.
Required:
Calculate the estimated cash receipts for September, October, and November.
12 00 points Scoltsdale Co.has ctual sales for July and August and farecast sales for September, October, November, and December as follows: Actual uly August $97,500 105,400 Forecast September 14,500 October November 93,100 121,500 Based on past experience, t is estimated that 23% o a month's sales are colected in e month of sale, 54% are collected in the month follo in the sa e an % are o lecte second month follow thes e. Required: Calculate the estimated cash receipts for September, Octaber, and November. Oclober en
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