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#10 Sharon Corporation collects 10% in the second month following sale, 55% in the month following sale and 30% of a month's sales in the
#10
Sharon Corporation collects
10%
in the second month following sale,
55%
in the month following sale and
30%
of a month's sales in the month of sale. The company has found that
55%
of their sales are uncollectible. Budgeted sales for the upcoming four months are:
August budgeted sales | $$340,000 |
September budgeted sales | $ $310,000 |
October budgeted sales | $ $380,000 |
November budgeted sales | $ $230,000 |
The amount of cash that will be collected in November is budgeted to be
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