Answered
Justin Company's budget includes the following credit sales for the current year: September,$25,000; October,$36,000; November,$30,000; December,$32,000.Credit sales are collected as follows: 15% in the month of sale,60% in the first month after sale,20% in the second month after sale,and 5% is uncollectible.How much cash can Justin expect to collect in November as a result of current and past credit sales?
A) $19,700.
B) $28,500.
C) $30,000.
D) $31,100.
E) $33,900.
On Jul 09, 2024