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Question 15 Imperial Company has the following budgeted sales for the last half of 2021 Cash sales Credit sales 35.000 150,000 July August September 55.000

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Question 15 Imperial Company has the following budgeted sales for the last half of 2021 Cash sales Credit sales 35.000 150,000 July August September 55.000 170.000 130,000 45,000 35,000 October November 80,000 145,000 200.000 350.000 December 80,000 The following information has been assembled: Collections on credit sales: 60% in month of sale 30% in month following sale 10% in second month following sale Assume that the accounts receivable balance on July 1 was 75,000 of this amount, 260.000 represented uncollected dune sales and C15.000 represented uncobacted May sales. Given these data, the total cash collected during July would be: C150,000 I do not want to answer this question. 1185,000 200.000 215,000 235,000 MECBUIPOS

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