Business
Business, 06.08.2021 21:40, cuppykittyy

Justin Company's budget includes the following credit sales for the current year: September, $42,000; October, $53,000; November, $47,000; December, $49,000. Credit sales are collected as follows: 10% in the month of sale, 65% in the first month after sale, 23% in the second month after sale, and 2% is uncollectible. How much cash can Justin expect to collect in November as a result of current and past credit sales? a. $46,710.
b. $43,910.
c. $32,510.
d. $43,000.
e. $41,310.

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Answers: 2

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Justin Company's budget includes the following credit sales for the current year: September, $42,000...

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