Junior Snacks reports the following information from its sales budget: All sales are on credit and are expected to be collected 40% in the month of sale and 60% in the month following sale. The total amount of cash expected to be received from customers in November is:
A) $146,200.
B) $85,800.
C) $151,000.
D) $236,800.
E) $60,400.

Question

Junior Snacks reports the following information from its sales budget:  All sales are on credit and are expected to be collected 40% in the month of sale and 60% in the month following sale. The total amount of cash expected to be received from customers in November is:
A) $146,200. 
B) $85,800. 
C) $151,000. 
D) $236,800. 
E) $60,400.

Quizplus · Accepted Answer

11eaadfd_cd01_0a84_95d8_f7e563ee802e_TB6948_00

Junior Snacks Reports the Following Information from Its Sales Budget