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Information for Fine Line Fishing Product's Cash Budget Is as Follows

Question 54

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Information for Fine Line Fishing Product's cash budget is as follows.
Information for Fine Line Fishing Product's cash budget is as follows. Each unit sells for $12 and 80% of sales are on credit. Credit sales are collected as follows: 25% in the quarter of the sale and the balance in the following quarter. How many dollars of 3rd quarter sales will be collected in cash in the 4th quarter? A) $225 B) $2160 C) $180 D) $2700
Each unit sells for $12 and 80% of sales are on credit. Credit sales are collected as follows: 25% in the quarter of the sale and the balance in the following quarter. How many dollars of 3rd quarter sales will be collected in cash in the 4th quarter?


A) $225
B) $2160
C) $180
D) $2700

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