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July August September October 16,000 15,000 12,000 14,000 $10.00_$10.00 $10.00 $10.00 160,000 $150.000 $120,000 $140.000 Budgeted unit sales Sales price Sales revenue Historically, 10% of
July August September October 16,000 15,000 12,000 14,000 $10.00_$10.00 $10.00 $10.00 160,000 $150.000 $120,000 $140.000 Budgeted unit sales Sales price Sales revenue Historically, 10% of sales are cash sales. Fifty percent (50%) of credit sales are collected in the month of sale, 45% are collected in the month following the sale, and 5% are uncollectible. Based on this pattern, how much cash will Manhattan collect in September? $126,750 $66,000 $132,150 $120,000
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