Reference no: EM132602920
Company A collects? 25% of a? month's sales in the month of? sale, 65% in the month following? sale, 5% in the second month following sale, and the remaining 5% usually goes uncollected.
Budgeted sales for September through December are:
Sept budgeted sales ?$1,600,000
Oct budgeted sales ?$1,250,000
Nov budgeted sales ?$2,300,000
Dec budgeted sales ?$2,100,000
Question 1: How much cash is budgeted to be collected in December?
Group of answer choices
Option 1: $2,100,000
Option 2: $2,145,000
Option 3: $1,912,500
Option 4: $2,082,500
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