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What are the estimated cash collections in December

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Reference no: EM132853361

Question - The following sales budget has been prepared:

Month

Cash Sales

Credit Sales

September

$100,000

$220,000

October

$115,000

$190,000

November

$125,000

$200,000

December

$130,000

$180,000

Collections of credit sales are 50% in the month of sale, 40% in the month following sale, and 10% two months following sale. No uncollectible accounts are expected.

Required - What are the estimated cash collections in December?

Reference no: EM132853361

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