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Determine the Budgeted cash receipts for October

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Reference no: EM132845281

Question - The Valorant corporation has obtained the following sales forecast data:

 

July

August

September

October

Cash sales:

$80,000

$70,000

$50,000

$60,000

Credit Sales:

$240,000

$220,000

$180,000

$200,000

The regular pattern of collection of credit sales is 20% in the month of sale, 70% in the month following the month of sale, and the remainder in the second month following the month of sale. Determine the Budgeted cash receipts for October?

Reference no: EM132845281

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