Cost Management: A Strategic Emphasis 7th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins

Exercise 16

Campbell's Wholesale Company is preparing monthly cash budgets for the fourth quarter of 2016. Monthly sales revenue in this quarter is estimated as follows: October, $30,000; November, $24,000; and December, $20,000. All sales are made on open credit with 70% collected in the month of sale and 30% collected in the following month. What is the estimated total cash collected in November December