Kiel center-cash collections budget

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Reference no: EM1347588

Kiel Center sells only on credit (no cash sales). Prior collection patterns describe that 28% of month's sales are gathered in the month of sale, 51% are collected in month after the sale, and 19% are collected in second month after the sale. For example, June sales would be collected over 3 month, June (28%), July (51%) and August (19%). The rest would be considered "uncollectible" and not included in cash collections budget.

Sales budget for June through September show:

June $227,000
July $286,000
August $305,000
September $375,000

Find out the cash collection budget for August and September?

Reference no: EM1347588

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