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Selena's Sweets is preparing the cash budgets for the fourth quarter of 2021: O $18,945 Of all sales, 10% are cash sales and the remaining
Selena's Sweets is preparing the cash budgets for the fourth quarter of 2021: O $18,945 Of all sales, 10% are cash sales and the remaining 90% each month are credit sales. Of the credit sales, 60% are collected in the same month, 30% the following month and 10% is deemed to be uncollectible. What are are the cash receipts for November? O $20,745 O $19,770 Month: October November December O $21,570 Budgeted Sales $27,500 $18,000 $22,500
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