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Westcott Company reported the following information for 2022: October November December Budgeted sales $400,000 $440,000 $500,000 Budgeted purchases $120,000 $128,000 $144,000 All sales are on

Westcott Company reported the following information for 2022:

October November December

Budgeted sales $400,000 $440,000 $500,000

Budgeted purchases $120,000 $128,000 $144,000

All sales are on credit.

Customer amounts on account are collected 55% in the month of sale and 45% in the following month.

Instructions

Compute the amount of cash Wescott will receive during November. Show your work.

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