Cash On Account % of sales that are: Month of sale 1 month after sale 2 months after sale % of "On Account" sales are collected in the period: Schedule of Expected Cash Collections Collections on sales: Quarter Cash Sales Credit sales: May June July August September Total cash collected Still to be collected from: August September AR as of Sep 30, 2013 Page 1 of 4 Accounting HW - Your Name SoECC Set (1an) Assumptions (Formula Inputs): Months: May June July August September Budgeted Sales: 430,000 540,000 600,000 900,000 500,000 Cash On Account % of sales that are: 10.00% 90.00% Month of sale 1 month after sale 2 months after sale % of "On Account" sales are collected in the period: 20.00% 70.00% 10.00% Schedule of Expected Cash Collections Collections on sales: July August September Quarter Cash Sales 60,000 $ 90,000 $ 50,000 $ 200,000 $ Credit sales: - $ May 38,700 38,700 $ June 340,200 48,600 388,800 $ July 108,000 378,000 54,000 540,000 $ August 162,000 567,000 729,000 $ September 90,000 90,000 $ Total cash collected 546,900 $ 678,600 $ 761,000 $ 1,986,500 $ Still to be collected from: August 81,000 September 360,000 AR as of Sep 30, 2013 441,000 Page 2 of 4 Accounting HW - Your Name SoECC Set (2an) Assumptions (Formula Inputs): Months: May June July August September Budgeted Sales: 430,000 540,000 600,000 900,000 500,000 Cash On Account % of sales that are: 15.00% 85.00% Month of sale 1 month after sale 2 months after sale % of "On Account" sales are collected in the period: 30.00% 65.00% 5.00% Schedule of Expected Cash Collections Collections on sales: July August September Quarter Cash Sales 90,000 $ 135,000 $ 75,000 $ 300,000 $ Credit sales: - $ May 18,275 18,275 $ June 298,350 22,950 321,300 $ July 153,000 331,500 25,500 510,000 $ August 229,500 497,250 726,750 $ September 127,500 127,500 $ Total cash collected 559,625 $ 718,950 $ 725,250 $ 2,003,825 $ Still to be collected from: August 38,250 September 297,500 AR as of Sep 30, 2013 335,750 Page 3 of 4 Accounting HW - Your Name SoECC Set (3an) Assumptions (Formula Inputs): Months: May June July August September Budgeted Sales: 430,000 540,000 600,000 900,000 500,000 Cash On Account % of sales that are: 12.00% 88.00% Month of sale 1 month after sale 2 months after sale % of "On Account" sales are collected in the period: 15.00% 50.00% 35.00% Schedule of Expected Cash Collections Collections on sales: July August September Quarter Cash Sales 72,000 $ 108,000 $ 60,000 $ 240,000 $ Credit sales: - $ May 132,440 132,440 $ June 237,600 166,320 403,920 $ July 79,200 264,000 184,800 528,000 $ August 118,800 396,000 514,800 $ September 66,000 66,000 $ Total cash collected 521,240 $ 657,120 $ 706,800 $ 1,885,160 $ Still to be collected from: August 277,200 September 374,000 AR as of Sep 30, 2013 651,200 Page 4 of 4