Airtex Company Budgeted the Following Credit Sales During the Current

Essay

Airtex Company budgeted the following credit sales during the current year: September,$90,000; October,$123,000; November,$105,000; December,$111,000.Experience has shown that cash from credit sales is received as follows: 10% in the month of sale,50% in the first month after sale,35% in the second month after sale,and 5% is uncollectible.How much cash should Eastern Company expect to collect in November from all current and past credit sales?