Garibaldi Inc.collects 40% of its sales in the month of sale and the other 60% in the following month.The following shows budgeted sales for October through December.

What is the amount of cash receipts budgeted for November?
A)$4,080,000
B)$1,740,000
C)$2,340,000
D)$2,835,000
E)None of the answer choices is correct.

Question

Garibaldi Inc.collects 40% of its sales in the month of sale and the other 60% in the following month.The following shows budgeted sales for October through December.

What is the amount of cash receipts budgeted for November?
A)$4,080,000 
B)$1,740,000 
C)$2,340,000 
D)$2,835,000 
E)None of the answer choices is correct.

Quizplus · Accepted Answer

The Answer of Garibaldi Inc.collects 40% of its sales in the month of sale and the other 60% in the following month.The following shows budgeted sales for October through December.

What is the amount of cash receipts budgeted for November?
A)$4,080,000 
B)$1,740,000 
C)$2,340,000 
D)$2,835,000 
E)None of the answer choices is correct.