Question 2. (cash receipts from sales) Budgeted sales revenue for the coming five months is as follows: Month Sales revenue August $195,000 September $165,000 October $135,000 November $100,000 December $120,000 You estimate that you will collect 45% of sales revenue in the month of sale, 40% in the following month, 5% two months after the sale, and the remaining 10% three months after the sale.
Compute budgeted cash inflows for November and December.
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