Scottsdale Co. has actual sales for July and August and forecast sales for September, October,...
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Scottsdale Co. has actual sales for July and August and forecast sales for September, October, November, and December as follows: $ 97,700 105,200 Actual: July August Forecast: September October November December 114,300 94,200 122,700 107,500 Based on past experience, it is estimated that 22% of a month's sales are collected in the month of sale, 53% are collected in the month following the sale, and 9% are collected in the second month following the sale. Required: Calculate the estimated cash receipts for September, October, and November. Cash collections September October November
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