Business, 14.04.2020 22:53, Josephcastillo5246

The Gardner Company expects sales for October of $248,000. Experience suggests that 45% of sales are for cash and 55% are on credit. The company collects 50% of its credit sales in the month of sale and 50% in the month following sale. Budgeted Accounts Receivable on September 30 is $67,000. What is the amount of cash expected to be collected in October?

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The Gardner Company expects sales for October of $248,000. Experience suggests that 45% of sales are...