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The management of Ocean Industries estimates that credit sales for August, September, October, and November will be $540,000, $750,000, $840,000, and $480,000, respectively. Experience has

The management of Ocean Industries estimates that credit sales for August, September, October, and November will be $540,000, $750,000, $840,000, 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 $

$

September Sales

October Sales

November Sales

Total collections $

$

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