Question
McEwen Company has budgeted the following credit sales during the last four months of the? year: September, $19,000?; ?October,$20,000?;November$23,000?;?December,$30,000.Experience has shown that payment for the
McEwen Company has budgeted the following credit sales during the last four months of the? year: September,
$19,000?; ?October,$20,000?;November$23,000?;?December,$30,000.Experience has shown that payment for the credit sales is received as? follows:
30?% in the month of? sale, 55?% in the first month after? sale, 10?% in the second month after? sale, and 55?%
uncollectible. How much cash can McEwen Company expect to collect in November as a result of credit? sales?
A.
$ 12 comma 900$12,900
B.
$ 19 comma 800$19,800
C.
$ 17 comma 900$17,900
D.
$ 21 comma 300
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