Frankie's Chocolate Co. reports the following information from its sales budget: Cash sales are normally 25% of total sales and all credit sales are expected to be collected in the month following the date of sale. The total amount of cash expected to be received from customers in September is:
A) $30,000.
B) $78,000.
C) $108,000.
D) $120,000.
E) $130,500.

Question

Frankie's Chocolate Co. reports the following information from its sales budget:  Cash sales are normally 25% of total sales and all credit sales are expected to be collected in the month following the date of sale. The total amount of cash expected to be received from customers in September is:
A) $30,000. 
B) $78,000. 
C) $108,000. 
D) $120,000. 
E) $130,500.

Quizplus · Accepted Answer

The Answer of Frankie's Chocolate Co. reports the following information from its sales budget:  Cash sales are normally 25% of total sales and all credit sales are expected to be collected in the month following the date of sale. The total amount of cash expected to be received from customers in September is:
A) $30,000. 
B) $78,000. 
C) $108,000. 
D) $120,000. 
E) $130,500.