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

Question

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

Quizplus · Accepted Answer

The Answer of 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

Latimer Corporation Collects 35% of a Month's Sales in the Month