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Lae Corporation oects 10% in the second month following sale, 55% in the month following sale and 20% of a month's sales in the
Lae Corporation oects 10% in the second month following sale, 55% in the month following sale and 20% of a month's sales in the month of sale. The company has found that 5% of are uncollectible Budgeted sales for the upcoming four months are August budgeted sales September budgeted sales October budgeted sales November budgeted sales $250,000 $350,000 $380,000 $210,000 The amount of cash that will be collected in November is budgeted to be A $63,000 DB $190.500 De $307,000. DD. 335.000
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