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Kennedy Enterprises has budgeted sales for the months of September and October at $170,000 and $140,000, respectively. Monthly sales are 60% credit and 40% cash.
Kennedy Enterprises has budgeted sales for the months of September and October at $170,000 and $140,000, respectively. Monthly sales are 60% credit and 40% cash. Of the credit sales, 30% are collected in the month of sale and 70% are collected in the following month. What are the October cash collections from customers? O A. $81,200 OB. $96,600 OC. $145,400 OD. $152,600
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