Rodney Company Has the Following Sales Budget Collections of Credit Sales Are 50% in the Month of }&\text
Rodney Company has the following sales budget:
Collections of credit sales are 50% in the month of sale,40% in the month following sale,and 10% two months following sale.No uncollectible accounts are expected.What are the estimated cash collections in September from September sales?
A) $100,000
B) $200,000
C) $225,000
D) $250,000
Correct Answer:
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