Business, 09.04.2021 04:40 ack12

Freemore Company has the following sales budget for the last six months of 2018: July $206,000 October $181,000 August 168,000 November 203,000 September 209,000 December 185,000 Sales are immediately due, however the cash collection of sales, historically, has been as follows: 55% of sales collected in the month of sale, 35% of sales collected in the month following the sale, 7% of sales collected in the second month following the sale, and 3% of sales are uncollectible. Cash collections for September are . $126,710 $199,930 $188,170 $173,750

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Freemore Company has the following sales budget for the last six months of 2018: July $206,000 Octob...

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