Question

All of a company's sales are on credit. They collect 55% of the sale price in the month of the sale occurs and 45% the next month. Estimate the total cash collected for the 4th quarter if sales are estimated to be $85,000 for September, $72,000 for October, $78,000 for November, and $86,000 for December.

Answer 1

Answer:

The total cash collected for the 4th quarter is $235,550.

Explanation:

Total Cash Receipt from 4th Quarter ( from October to December ) is $235,550. An MS Office file is attached for the working od cash receipt schedule. The file is attached with this answer, Please find it.