hapter 14-HW#2 , tpx?-0.6959574843162349 1523918916011 Exercise 14-12 Cash recei

Question

hapter 14-HW#2 , tpx?-0.6959574843162349 1523918916011 Exercise 14-12 Cash receipts budget LO 4,8 Scottsdale Co has actual sales for July and August and forecast sales for September, October, November, and December as tollows July August 98.400 104,700 Forecast mber 114 000 94.700 121.200 106 800 October On past experence, nis estrated that 24% of a months sales are conected in the monn or sale, 49% are colected n the month tol wing the sale, and 6% ae colected in the second month folowing the sale Calculate the estimated cash receipts for September, October, and November n6/2008 O Type here to search

Explanation / Answer

Calculate estimated cash receipt :

Cash collection September (98400*6%+104700*49%+114000*24%) 84567 October (104700*6%+114000*49%+94700*24%) 84870 November (114000*6%+94700*49%+121200*24%) 82331

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