Victoria’s Apparel has forecast credit sales for the fourt

Assignment Help Finance Victoria’s Apparel has forecast credit sales for the fourt

Finance

Victoria’s Apparel has forecast credit sales for the fourt

Victoria’s Apparel has forecast credit sales for the fourth quarter of the year as: … Show more Victoria’s Apparel has forecast credit sales for the fourth quarter of the year as: September (actual) $ 56,000 Fourth Quarter Fourth Quarter Fourth Quarter October $ 46,000 November 41,000 December 66,000 Experience has shown that 40 percent of sales receipts are collected in the month of sale, 50 percent in the following month, and 10 percent are never collected. Prepare a schedule of cash receipts for Victoria’s Apparel covering the fourth quarter (October through December). (Omit the “$” sign in your response.) VICTORIA’S APPAREL VICTORIA’S APPAREL VICTORIA’S APPAREL VICTORIA’S APPAREL VICTORIA’S APPAREL September October November December Credit sales $ $ $ $ Amount collected in month of sales Amount collected in month after sales Total cash receipts $ $ $ • Show less

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