Junior Snacks reports the following information from its sales budget: All sales are on credit and are expected to be collected 40% in the month of sale and 60% in the month following sale.The total amount of cash expected to be received from customers in November is:
A)$146,200.
B)$85,800.
C)$151,000.
D)$236,800.
E)$60,400.

Question

Junior Snacks reports the following information from its sales budget:  All sales are on credit and are expected to be collected 40% in the month of sale and 60% in the month following sale.The total amount of cash expected to be received from customers in November is:
A)$146,200. 
B)$85,800. 
C)$151,000. 
D)$236,800. 
E)$60,400.

Quizplus · Accepted Answer

The Answer of Junior Snacks reports the following information from its sales budget:  All sales are on credit and are expected to be collected 40% in the month of sale and 60% in the month following sale.The total amount of cash expected to be received from customers in November is:
A)$146,200. 
B)$85,800. 
C)$151,000. 
D)$236,800. 
E)$60,400.

Junior Snacks Reports the Following Information from Its Sales Budget