Item19

Time Remaining 2 hours 27 minutes 47 seconds

02:27:47

Item19

Time Remaining 2 hours 27 minutes 47 seconds

02:27:47

Justin Company's budget includes the following credit sales for the current year: September, $41,000; October, $52,000; November, $46,000; December, $48,000. Credit sales are collected as follows: 20% in the month of sale, 55% in the first month after sale, 22% in the second month after sale, and 3% is uncollectible. How much cash can Justin expect to collect in November as a result of current and past credit sales?

Multiple Choice

• $35,420.

• $46,820.

• $49,620.

• $44,220.

• $46,000.