Junior Snacks reports the following information from its sales budget: Expected Sales:
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) $85,800.
B) $236,800.
C) $151,000.
D) $146,200.
E) $60,400.
Correct Answer:
Verified
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