Sales receipts california cement company anticipates the


Question: 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 of? 2014: $1,904,000 (July), $2,075,000 (August), and $2,295,000 (September). The company sells 36 %of its products on credit, and 64% are cash sales. The company collects credit sales as follows: 27% in the following month, 51% two months later, and 19% three months later, with 3% defaults. What are the anticipated cash inflows for the last quarter of 2014?

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