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zz, Inc. has budgeted sales in units for the next six months as follows: July August September October November December Budg
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Answer #1

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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