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Begin operation in September. It has budgeted August sales $73,000, September sales $76,000, October sales $79,000, November sales of $83,000 and December sales $81,000. 15%
Begin operation in September. It has budgeted August sales $73,000, September sales $76,000, October sales $79,000, November sales of $83,000 and December sales $81,000. 15% of each sales are cash sales.80% of the balance will be collected in the month following the sales: 15% in the second month, 8% the third month, and the balance is bad debts. What is the amount of cash to be collected in the month of November?
a) $81,554 - b) $79,604 - c) 80,824 - d) 76,451
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