Based on past experiance it is estimated the 30 of a months

Reference no: EM13597094

Based on past experiance, it is estimated the 30% of a month's sales are collected in the the month of the sale, 50% are collected in the month following sale, and 18% are collected in the second month following the sale.Calculate the estimated cash receipts for September, October, and November.

Actual:
- July $73,500
- August $78,750
Forcasted
- September $85,500
- October $70,500
- November $91,500
- December $80,250

Reference no: EM13597094

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