Sunset Center's sales are all made on account. The firm's collection experience has been that 25 percent of a month's sales are collected in the month of sale, 65 percent are collected in the month following the sale, and 8 percent are collected in the second month following the sale. The sales forecast for the months of May through August is:
Calculate the cash collections that would be included in the cash budgets for July and August.

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The Answer of Sunset Center's sales are all made on account. The firm's collection experience has been that 25 percent of a month's sales are collected in the month of sale, 65 percent are collected in the month following the sale, and 8 percent are collected in the second month following the sale. The sales forecast for the months of May through August is:
Calculate the cash collections that would be included in the cash budgets for July and August.

Sunset Center's Sales Are All Made on Account