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Summits sells its rock-climbing shoes worldwide. Summits expects to sell 5.500 pairs of shoes for $200 each in January, and 1,500 pairs of shoes for
Summits sells its rock-climbing shoes worldwide. Summits expects to sell 5.500 pairs of shoes for $200 each in January, and 1,500 pairs of shoes for $225 each in February. The following sales budget was produced. Now assume that Summits' sales are collected as follows: November sales totaled $392,000 and December sales were $407,000. Prepare a schedule for the budgeted cash receipts from customers for January and February. Round answers to the nearest dollar
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