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Sharon Corporation collects 20% n the second month following sale, 40% in the month following sale and 32% of a month's sales in the month
Sharon Corporation collects 20% n the second month following sale, 40% in the month following sale and 32% of a month's sales in the month of sale. The company has found that 8% of their sales are uncollectible Budgeted sales for the upcoming four months are: August budgeted sales September budgeted sales ctober budgeted sales November budgeted sales $270,000 $340 000 $370,000 $200.000 The amount of cash that will be collected in Navember is budgeted to be O A. $64,000 B. S280000 O C $184,000 O D. $296,800
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