Baxter Co.'s projected sales are as follows:
Baxter estimates that it will collect 30% in the month of sale, 50% in the month after the sale, and 18% in the second month following the sale. Two percent of all sales are estimated to be bad debts.
Instructions
How much are Baxter Co.'s budgeted cash receipts for October?

Question

Baxter Co.'s projected sales are as follows:  
Baxter estimates that it will collect 30% in the month of sale, 50% in the month after the sale, and 18% in the second month following the sale. Two percent of all sales are estimated to be bad debts.
Instructions
How much are Baxter Co.'s budgeted cash receipts for October?

Quizplus · Accepted Answer

The Answer of Baxter Co.'s projected sales are as follows:  
Baxter estimates that it will collect 30% in the month of sale, 50% in the month after the sale, and 18% in the second month following the sale. Two percent of all sales are estimated to be bad debts.
Instructions
How much are Baxter Co.'s budgeted cash receipts for October?

Baxter Co'S Projected Sales Are as Follows