Browning Inc. has projected the following sales information for the fourth quarter of 2013: Credit sales are collected over a two-month period, with 60 percent collected in the month of sale and 40 percent collected in the month following sale.
Total cash collections for December are:
A) $86,000
B) $54,000
C) $83,600
D) $68,000

Question

Browning Inc. has projected the following sales information for the fourth quarter of 2013:  Credit sales are collected over a two-month period, with 60 percent collected in the month of sale and 40 percent collected in the month following sale.
Total cash collections for December are:
A) $86,000 
B) $54,000 
C) $83,600 
D) $68,000

Quizplus · Accepted Answer

The Answer of Browning Inc. has projected the following sales information for the fourth quarter of 2013:  Credit sales are collected over a two-month period, with 60 percent collected in the month of sale and 40 percent collected in the month following sale.
Total cash collections for December are:
A) $86,000 
B) $54,000 
C) $83,600 
D) $68,000