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Natcher Corporation collects 40% of a month's sales in the month of sale, 55% in the month following sale, and 5% in the second month
Natcher Corporation collects 40% of a month's sales in the month of sale, 55% in the month following sale, and 5% 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 $250,000 August budgeted sales September budgeted sales October budgeted sales November budgeted sales $260,000 $400,000 $240,000 The amount of cash that will be collected in November is budgeted to be O A. $240,000 B. $96,000 O C. $329,000 O D. $336,000
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