Business, 13.08.2021 04:30, nyceastcoast

Wells Company reports the following sales forecast: September, $51,000; October, $67,000; and November, $75,000. All sales are on account. Collections of credit sales are received as follows: 25% in the month of sale, 60% in the first month after sale, and 10% in the second month after sale. 5% of all credit sales are written off as uncollectible. Prepare a schedule of cash receipts for November.

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Wells Company reports the following sales forecast: September, $51,000; October, $67,000; and Novemb...