Question: 1:48 AM Tue Oct 8 68% webassign.net C + 0 Mind Tap - Cengag.. Sample student gr... Ladies Classic Jog... Homework Ch8.. 404 Not Found

1:48 AM Tue Oct 8 68% webassign.net C + 0 Mind Tap - Cengag.. Sample student gr... Ladies Classic Jog... Homework Ch8.. 404 Not Found My Notes Syllabus_ACC202_... 2. + -/5 points My Notes + Ask Your Teacher Question 2. (cash receipts from sales) Budgeted sales revenue for the coming five months is as follows: Month Sales revenue August $185,000 September $195,000 October $185,000 November $170,000 December $110,000 You estimate that you will collect 35% of sales revenue in the month of sale, 30% in the following month, 25% two months after the sale, and the remaining 10% three months after the sale. Required: Compute budgeted cash inflows for November and December. November = $ December = $ 1 (Hint: pay attention to the timing, e.g. "30% is collected in the following month" means 30% of August revenue is collected in September, i.e., cash receipts (inflows) for September include 30% of previous month's sales revenue.) Submit Answer Practice Another Version Viewing Saved Work Revert to Last Response Submit Assignment Save Assignment Progress1:48 AM Tue Oct 8 68% webassign.net C + 0 Mind Tap - Cengag.. Sample student gr... Ladies Classic Jog... Homework Ch8.. 404 Not Found My Notes Syllabus_ACC202_... 2. + -/5 points My Notes + Ask Your Teacher Question 2. (cash receipts from sales) Budgeted sales revenue for the coming five months is as follows: Month Sales revenue August $185,000 September $195,000 October $185,000 November $170,000 December $110,000 You estimate that you will collect 35% of sales revenue in the month of sale, 30% in the following month, 25% two months after the sale, and the remaining 10% three months after the sale. Required: Compute budgeted cash inflows for November and December. November = $ December = $ 1 (Hint: pay attention to the timing, e.g. "30% is collected in the following month" means 30% of August revenue is collected in September, i.e., cash receipts (inflows) for September include 30% of previous month's sales revenue.) Submit Answer Practice Another Version Viewing Saved Work Revert to Last Response Submit Assignment Save Assignment Progress

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