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Compute the amount of cash jent will receive during november

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Reference no: EM131749343

Question - Jent Company reported the following information for 2013:

                                       October              November            December

Budgeted sales                 $320,000              $340,000              $360,000

Budgeted purchases          $120,000              $128,000              $144,000

All sales are on credit.

Customer amounts on account are collected 40% in the month of sale and 60% in the following month.

Instructions - Compute the amount of cash Jent will receive during November.

Reference no: EM131749343

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