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A company's accounts receivable balance at the end of December is $60,180, of which 18.90% is uncollected from December sales. The company's credit sales policy
A company's accounts receivable balance at the end of December is $60,180, of which 18.90% is uncollected from December sales. The company's credit sales policy is as follows: 54.80% collected in the month of sale, 34.00% collected in the month immediately after the sale, with the remaining balance collected in the second month after the sale. How much were the total sales in November?
A) $413,979
B) $424,873
C) $435,768
D) $446,662
E) $457,556
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