Question
Natcher Corporation collects 4545% of a month's sales in the month of sale, 4040% in the month following sale, and 1515% in the second month
Natcher Corporation collects 4545% of a month's sales in the month of sale, 4040% in the month following sale, and 1515% 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 $ 340 comma 000$340,000 September budgeted sales $ 330 comma 000$330,000 October budgeted sales $ 340 comma 000$340,000 November budgeted sales $ 200 comma 000$200,000
The amount of cash that will be collected in November is budgeted to be A. $ 200 comma 000$200,000 B. $ 275 comma 500$275,500 C. $ 90 comma 000$90,000 D. $ 314 comma 500
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