Sales Budget Month October November December January Credit Sales $40,000 $50,000 $60,000 $35,000 32. Expected cash collection pattern is 50% in the month of sale, 30% in the following month, and 15% in the second following month. Five percent of the credit sales are uncollectible. December collections will be:

a. $35,000 b. $51,000 c. $54,000 d. $50,000

Question

Sales Budget Month October November December January Credit Sales $40,000 $50,000 $60,000 $35,000 32. Expected cash collection pattern is 50% in the month of sale, 30% in the following month, and 15% in the second following month. Five percent of the credit sales are uncollectible. December collections will be:

a. $35,000 b. $51,000 c. $54,000 d. $50,000

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Question

Sales Budget Month October November December January Credit Sales $40,000 $50,000 $60,000 $35,000 32. Expected cash collection pattern is 50% in the month of sale,

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