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Freemore Company has the following sales budget for the last six months of 2018: July $209,000 October $188,000 209,000 168,000 November August September 200,000 December
Freemore Company has the following sales budget for the last six months of 2018: July $209,000 October $188,000 209,000 168,000 November August September 200,000 December 183,000 Sales are immediately due, however the cash collection of sales, historically, has been as follows: . 60% of sales collected in the month of sale, -30% of sales collected in the month following the sale, . 9% of sales collected in the second month following the sale, and -1% of sales are uncollectible. Cash collections for October are O A. $204,000 B. $186,120 O C. $187,920 O D. $112,800
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