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Natcher Corporation collects 35% of a month's sales in the month of sale, 40% in the month following sale, and 20% in the second month
Natcher Corporation collects 35% of a month's sales in the month of sale, 40% in the month following sale, and 20% in the second month following sale. The company has found that 5% of their sales are uncollectible. Budgeted sales for the upcoming four months are: August budgeted sales September budgeted sales October budgeted sales November budgeted sales $340,000 $350,000 $360,000 $250,000 The amount of cash that will be collected in November is budgeted to be O A. $301,500 O B. $237,500 OC. $87,500 OD. $316,500
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