Homework Answers
Required:
| September | $89,458 |
| October | $88,674 |
| November | $87,023 |
Working:
| September | October | November | |
| Cash collection from July sales | $5,934 (98,900*6%) | - | - |
| Cash collection from August sales | $51,548 (105,200*49%) | $6,312 (105,200*6%) | - |
| Cash collection from September sales | $31,976 (114,200*28%) | $55,958 (114,200*49%) | $6,852 (114,200*6%) |
| Cash collection from October sales | - | $26,404 (94,300*28%) | $46,207 (94,300*49%) |
| Cash collection from November sales | $33,964 (121,300*28%) | ||
| Estimated cash receipt | $89,458 | $88,674 | $87,023 |
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