Farmington Enterprises has budgeted sales for the months of September and October at $300 000 and $280 000, respectively. Monthly sales are 80% credit and 20% cash. Of the credit sales, 50% are collected in the month of sale and 50% are collected in the following month. What are the October cash collections from customers?

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The Answer of Farmington Enterprises has budgeted sales for the months of September and October at $300 000 and $280 000, respectively. Monthly sales are 80% credit and 20% cash. Of the credit sales, 50% are collected in the month of sale and 50% are collected in the following month. What are the October cash collections from customers?

Farmington Enterprises Has Budgeted Sales for the Months of September