Question: Exercise 1 4 - 1 3 ( Algo ) Cash receipts budget LO 1 4 - 4 , 1 4 - 7 Brooklyn Studio's sales

Exercise 14-13(Algo) Cash receipts budget LO 14-4,14-7
Brooklyn Studio's sales are all made on account. The firm's collection experience has been that 31% of a month's sales are collected in the month the sale is made, 49% are collected in the month following the sale, and 18% are collected in the second month following the sale. The sales forecast for the months of September through December is as follows:
\table[[September,$228,000
Exercise 1 4 - 1 3 ( Algo ) Cash receipts budget

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