Based on past experience it is estimated that 30 of a

Reference no: EM13597959

Cash receipts budget Flagstaff Co. has actual sales for July and August and fore-cast sales for September, October, November, and December as follows:
Actual:

Jul 73,500
Aug 78,750
Forecasted:
Sep 85,500
Oct 70,500
Nov 91 ,500
Dec 80,250

Based on past experience, it is estimated that 30% of a month's sales are collected in the month of sale, 50% are collected in the month following the sale, and 18% are collected in the second month following the sale.

Required:
Calculate the estimated cash receipts for September, October, and November.

Reference no: EM13597959

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