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Tiara Company Has the Following Historical Collection Pattern for Its

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Tiara Company has the following historical collection pattern for its credit sales:
70% collected in month of sale
15% collected in the first month after sale
10% collected in the second month after sale
4% collected in the third month after sale
1% uncollectible
Budgeted credit sales for the last six months of the year follow.
A.Calculate the estimated total cash collections during October.
B.Calculate the estimated total cash collections during the year's fourth quarter.
Tiara Company has the following historical collection pattern for its credit sales: 70% collected in month of sale 15% collected in the first month after sale 10% collected in the second month after sale 4% collected in the third month after sale 1% uncollectible Budgeted credit sales for the last six months of the year follow. A.Calculate the estimated total cash collections during October. B.Calculate the estimated total cash collections during the year's fourth quarter.

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