Homework Answers
Total expected cash collections in October = $ 162,334
Note:
| July | August | September | october | |
| Sales Units | 4,400 | 7,200 | 6,900 | 8,600 |
| Selling Price Per Unit | 23 | 23 | 23 | 23 |
| Total Sales ( Units * Price) | 1,01,200 | 1,65,600 | 1,58,700 | 1,97,800 |
| Cash Collections : | ||||
| 11% in month of sale | 11,132 | 18,216 | 17,457 | 21,758 |
| 24% in first month after sale | - | 24,288 | 39,744 | 38,088 |
| 57% in second month after sale | - | - | 57,684 | 94,392 |
| 8% in third month after sale | - | - | - | 8,096 |
| Cash Collections | 11,132 | 42,504 | 1,14,885 | 1,62,334 |
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