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TU 20 L A Moving to the next question prevents changes to this answer. Question 8 Finmin Company has the following sales budget for the
TU 20 L A Moving to the next question prevents changes to this answer. Question 8 Finmin Company has the following sales budget for the last six months of 2015: July August September $203,000 168,000 200,000 October November December $183,000 207,000 181,000 Sales are immediately due, however the cash collection of sales, historically, has been as follows: 55% of sales collected in the month of sale, 35% of sales collected in the month following the sale, 7% of sales collected in the second month following the sale, and 3% of sales are uncollectible. Cash collections for October are $177,510 $195,500 $100,650 $182,410 L A Moving to the next question prevents changes to this
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