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Kennedy Enterprises has budgeted sales for the months of September and October at $190,000 and $150,000, respectively. Monthly sales are 80 % credit and 20
Kennedy Enterprises has budgeted sales for the months of September and October at $190,000 and $150,000, respectively. Monthly sales are 80 % credit and 20 % cash. Of the credit sales, 10 % are collected in the month of sale and 90 % are collected in the following month. What are the October cash collections from customers? A. $153,200 O B. $148,800 O C. $178,800 O D. $42,000
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