x Corporation has the following budgeted sales for the last half of next year:

Cash Sales

Credit Sales

July

August.

September....

October.

November

December......

$120,000

$150,000

$372,000

$170.000

$454,000

$130,000

$376,000

$145,000

$291.000

$200,000

$334,000

$350.000

The x company is in the process of preparing a cash budget and must determine the expected cash collections by month.

To this end, the following information has been assembled Collections on credit sales:

60% in month of sale

30% in month following sale

10% in second month following sale

Q: The total cash receipts during November for x would be:

\\( \\begin{array}{lcc}\\text { July ..... Cash Sales } & \\text { Credit Sales } \\\\ \\text { August....... } & \\$ 120,000 & \\$ 150,000 \\\\ \\text { September.... } & \\$ 372,000 & \\$ 170,000 \\\\ \\text { October..... } & \\$ 3754,000 & \\$ 130,000 \\\\ \\text { November..... } & \\$ 291,000 & \\$ 145,000 \\\\ \\text { December..... } & \\$ 334,000 & \\$ 200,000 \\\\ \\$ 350,000\\end{array} \\)