Tough Tillers Inc. makes tillers for small farms. Their sales budget is shown below:

Sep sales $189,000

Oct sales $227,000

Nov sales, $240,000

25% of sales are collected in the month of the sale. The remainder are collected 50% in the month following the sale and 22% in the second month following the sale. The rest are uncollectible.

What should they budget for cash collections in November?

Answer rating: 100% (QA)

To calculate the cash collections for November we need to consider the sales for September October a... View the full answer