The management of Morton Company estimates that credit sales for August, September, October, and November will be $180,000, $200,000, $230,000, and $160,000, respectively. Experience has shown that collections are made as follows: Instructions
Determine the collections from customers in October and November. Show all computations.

Question

The management of Morton Company estimates that credit sales for August, September, October, and November will be $180,000, $200,000, $230,000, and $160,000, respectively. Experience has shown that collections are made as follows:  Instructions
Determine the collections from customers in October and November. Show all computations.

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The Answer of The management of Morton Company estimates that credit sales for August, September, October, and November will be $180,000, $200,000, $230,000, and $160,000, respectively. Experience has shown that collections are made as follows:  Instructions
Determine the collections from customers in October and November. Show all computations.

The Management of Morton Company Estimates That Credit Sales for August