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Business, 02.08.2019 18:20 himatasy

Wells company reports the following sales forecast: september, $55,000; october, $66,000; and november, $80,000. all sales are on account. collections of credit sales are received as follows: 25% in the month of sale, 60% in the first month after sale, and 10% in the second month after sale. 5% of all credit sales are written off as uncollectible. prepare a schedule of cash receipts for november.

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Wells company reports the following sales forecast: september, $55,000; october, $66,000; and nov...
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