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ABC Company's budgeted sales for June, July, and August are 15,200,19,200, and 17,200 units respectively....

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Accounting

ABC Company's budgeted sales for June, July, and August are 15,200,19,200, and 17,200 units respectively. The selling price for each unit is $15. Based on past experience, ABC expects that 30% of a month's sales will be collected in the month of sale, 60% in the following month, and 7% in the second month following the sale.
5.5 points
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Required:
Prepare an analysis of cash receipts from sales for ABC Company for August.
\table[[Budgeted sales units,,],[Unit selling price,,],[Budgeted sales revenue,,],[August collections:,,],[Current month's sales,,],[Prior month's sales,,],[Second prior month's sales,,],[Total collections,,]]
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