The management of Steppenwolf Ltd estimates that credit sales for August, September, October and November will be $180,000, $210,000, $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 Steppenwolf Ltd estimates that credit sales for August, September, October and November will be $180,000, $210,000, $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 Steppenwolf Ltd estimates that credit sales for August, September, October and November will be $180,000, $210,000, $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 Steppenwolf Ltd Estimates That Credit Sales for August