The Following Sales Budget Has Been Prepared Collections Are 50% in the Month of Sale, 40% in }
The following sales budget has been prepared: Collections are 50% in the month of sale, 40% in the month following the sale, and 10% two months following the sale. No uncollectible accounts are anticipated. is the estimated cash collection in October from October sales
A) $295,000
B) $215,000
C) $125,000
D) None of these answers is correct.
Correct Answer:
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