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What are the expected cash collections of sales in october

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Question - Downstairs Company has the following sales budget for the last six months of 2010;

July $100,000

August 80,000

September 110,000

October 80,000

November 100,000

December 94,000

Historically, the cash collection of sales has been as follows:

65% of sales collected in month of sale

25% of sales collected in month following sale

8% of sales collected in second month following sale

2% of sales uncollectible

Required - What are the expected cash collections of sales in October?

Reference no: EM133063847

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