Answer:
The budgeted cash inflows for October and November is $14,500 and $12,300 respectively
Explanation:
The computation of the budgeted cash inflows for October and November is shown below:
For October:
= 50% of sales revenue of October + 40% of sales revenue of September + 10% of August
= 0.5 × $14,000 + 0.40 × $15,000 + 0.10 × $15,000
= $7,000 + $6,000 + $1,500
= $14,500
For November
= 50% of sales revenue of November + 40% of sales revenue of October + 10% of September
= 0.5 × $13,000 + 0.40 × $14,000 + 0.10 × $15,000
= $5,200 + $5,600 + $1,500
= $12,300
