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Swifty Corporation reported the following information for 2016: October November December Budgeted sales $1150000 $1070000 $1350000 All sales are on credit. Customer amounts on account
Swifty Corporation reported the following information for 2016:
October | November | December | |
Budgeted sales | $1150000 | $1070000 | $1350000 |
All sales are on credit.
Customer amounts on account are collected 50% in the month of sale and 50% in the following month.
How much cash will Swifty receive in November?
| 535000 |
| 1210000 |
| 1070000 |
| 1110000 |
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