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Historically, the cash colloction of sales has been as follows: 65 percent of sales collected in month of sale. 25 percent of sales collected in
Historically, the cash colloction of sales has been as follows: 65 percent of sales collected in month of sale. 25 percent of sales collected in month following sale, 8 percent of sales collected in second month following sale, and 2 percent of sales is uncoliectable. 1) Cash collections for September aro A. $199.000 B. $161,400 C. $143,000 D. 5204,000 2) What is the ending balance of accounts receivable at the end of September assuming uncollectible balance is written off in the fourth month afier the sale? A. 500800 B. 597.000 C. $190,000 D. 593,000 3) Casti colections for Oetoler are A. $199,000 B. $176,400 C. $117,000 D. 5184,800
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