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 10 percent two months following the sale. No uncollectible accounts are anticipated.
-The total cash collections in December 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 10 percent two months following the sale. No uncollectible accounts are anticipated.
-The total cash collections in December 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 10 percent two months following the sale. No uncollectible accounts are anticipated.
-The total cash collections in December will be

The Following Sales Budget Has Been Prepared