The historical analysis of payment patterns of their customers has provided the following percentages:
50 percent in month of sale
35 percent in month after sale
10 percent in second month after sale
5 uncollectible
Payments made in the month of sale receive a 2 percent discount.
Required: Prepare a detailed Cash Collections from Sales Schedule for October, November, and December.
Prefetto Company is in the process of preparing its cash budget for the year. The sales forecast for the last six months of the year follows:

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The Answer of The historical analysis of payment patterns of their customers has provided the following percentages:
50 percent in month of sale
35 percent in month after sale
10 percent in second month after sale
5 uncollectible
Payments made in the month of sale receive a 2 percent discount.
Required: Prepare a detailed Cash Collections from Sales Schedule for October, November, and December.
Prefetto Company is in the process of preparing its cash budget for the year. The sales forecast for the last six months of the year follows:

The Historical Analysis of Payment Patterns of Their Customers Has