Latimer Corporation collects 35% of a month's sales in the month of sale,50% 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) $ 91,000.
B) $284,000.
C) $285,500.
D) $289,000.
Correct Answer:
Verified
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