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Corporation has budgeted sales over the next four months below: September October November December Budgeted...

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Accounting

Corporation has budgeted sales over the next four months below: September October November December Budgeted Sales... $140,000 $150,000 $170,000 $130,000 Twenty five percent of the company's sales are for cash and 75% are on account. Collections for sales on account follow a stable pattern as follows: 44% of a month's credit sales are collected in the month of sale, 22% are collected in the month following sale, and 10% are collected in the second month following sale. The remainder are uncollectible. Given these data, cash collections for December should be:.

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