Calculate the estimated cash receipts

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Reference no: EM131292977

Scottsdale Co. has actual sales for July and August and forecast sales for September, October, November, and December as follows: Actual: July $ 97,600 August 105,300 Forecast: September 113,100 October 94,400 November 121,600 December 106,400 Based on past experience, it is estimated that 28% of a month’s sales are collected in the month of sale, 47% are collected in the month following the sale, and 10% are collected in the second month following the sale.

Required: Calculate the estimated cash receipts for September, October, and November.

Reference no: EM131292977

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