The following sales budget has been prepared:
Collections are 50 percent in the month of sale, 40 percent in the month following the sale, and 5 percent two months following the sale. The remaining 5 percent is expected to be uncollectible.
-The total cash received in May on May sales will be

Question

The following sales budget has been prepared:
  Collections are 50 percent in the month of sale, 40 percent in the month following the sale, and 5 percent two months following the sale. The remaining 5 percent is expected to be uncollectible.
-The total cash received in May on May sales will be

Quizplus · Accepted Answer

The Answer of The following sales budget has been prepared:
  Collections are 50 percent in the month of sale, 40 percent in the month following the sale, and 5 percent two months following the sale. The remaining 5 percent is expected to be uncollectible.
-The total cash received in May on May sales will be

The Following Sales Budget Has Been Prepared