Question: Sales receipts. California Cement Company ant…
Sales receipts. California Cement Company anticipates the following fourth-quarter sales for 2014: $1,843,000 (October), $1,511,000 (November), and $2,044,000 (December). It posted the following sales figures for the third quarter of2014:$1,904,000 (July), $2,075,000 (August), and $2,295,000 (September). The company sells 36 %of its products oncredit, and 64% are cash sales. The company collects credit sales asfollows: 27% in the following month, 51% two monthslater, and 19%
Three months later, with 3%defaults. What are the anticipated cash inflows for the last quarter of 2014?
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