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Sweet Corn has only credit sales and no cash sales. Therefore, cash collections from A R are critically important to manage. Through its history, Sweet
Sweet Corn has only credit sales and no cash sales. Therefore, cash collections from are critically important to manage. Through its history, Sweet Corn collects its customers' Accounts Receivable balances according to the following pattern.
History of Cash Collection
collected same month
collected next month
There are no cash collections for the month of May. Determine the total cash collections for the months of June, July, August, and September.
Budgeted credit sales for the month come from the sales forecast above. Record them on the lines below:
June's credit sales of July's credit sales of
August's credit sales of September's credit sales of $
$
$
June August
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