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The management of Concord Industries estimates that credit sales for August, September, October, and November will be $525,000, $720,000, $875,000, and $480,000, respectively. Experience has

The management of Concord Industries estimates that credit sales for August, September, October, and November will be $525,000, $720,000, $875,000, and $480,000, respectively. Experience has shown that collections are made as follows:

In month of sale 25%
In first month after sale 60%
In second month after sale 10%

Determine the collections from customers in October and November. (Do not leave any field blank. Enter 0 for the amounts.)

Collections from Customers

October

November

August Sales

$enter a dollar amount

$enter a dollar amount

September Sales

enter a dollar amount

enter a dollar amount

October Sales

enter a dollar amount

enter a dollar amount

November Sales

enter a dollar amount

enter a dollar amount

Total budgeted collections

$enter a total amount

$enter a total amount

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