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Kennedy Enterprises has budgeted sales for the months of September and October at $170,000and $140,000, respectively. Monthly sales are 60% credit and 40% cash. Of
Kennedy Enterprises has budgeted sales for the months of September and October at $170,000and $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?
A.
$96,600
B.
$81,200
C.
$145,400
D.
$152,600
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