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SalaRitas sales are 32% cash and 68% credit. Of the credit sales, 40% of credit sales are collected in the month of sale, 45% in
SalaRitas sales are 32% cash and 68% credit. Of the credit sales, 40% of credit sales are collected in the month of sale, 45% in the month following the sale, and 15% is collected two months after. Budgeted sales data is as follows: June $200,000 July 120,000 August 150,000 How much is total Accounts Receivable at the end of August? A. $61,200 B. $73,440 C. $99,600 D. $108,000
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