Natcher Corporation collects 30% of a month's sales in the month of sale, 55% in the month following sale, and 10% in the second month following sale. The company has found that 5% of their sales are uncollectible. Budgeted sales for the upcoming four months are:
The amount of cash that will be collected in November is budgeted to be
A) $287,500.
B) $283,000.
C) $78,000.
D) $291,500.
Correct Answer:
Verified
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