Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kennedy Enterprises has budgeted sales for the months of September and October at $170,000and $14 are 60% credit and 40% cash. Of the credit sales,

Kennedy Enterprises has budgeted sales for the months of September and October at $170,000and $14 are 60% credit and 40% cash. Of the credit sales, 30% are collected in the month of sale and 70% are col What are the October cash collections from customers? $81,200 O $96,600 O $145,400 O $152,600

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamental Accounting Principles

Authors: John J Wild, Ken Shaw

24th edition

1259916960, 978-1259916960

Students also viewed these Finance questions