Pardee Company makes 30% of its sales for cash and 70% on account.60% of the account sales are collected in the month of sale,25% in the month following sale,and 12% in the second month following sale.The remainder is uncollectible.The following information has been gathered for the current year: Total cash receipts in Month 4 will be
A) $38,000.
B) $47,900.
C) $27,230.
D) $36,230.
Correct Answer:
Verified
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