Answer the following questions using the information below:
Footscray Company has the following sales budget for the last six months of 2018:
Historically,the cash collection of sales has been as follows:
65% of sales collected in the month of sale
25% of sales collected in the month following the sale
8% of sales collected in the second month following the sale
2% of sales are uncollectible
-Cash collections for September are:
A) $102 000.
B) $86 700.
C) $99 500.
D) $71 500.
Correct Answer:
Verified
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