?
Sales Budget |
|---|
Month |
October |
November |
December |
January |
Credit Sales |
$40,000 |
$50,000 |
$60,000 |
$35,000 |
Expected cash collection pattern is 50% in the month of sale, 30% in the following month, and 15% in the second following month. Five percent of the credit sales are uncollectible. November collections were $46,000. September sales were:
