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How much cash will Bramble receive in November

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Reference no: EM132784467

Question - Bramble Corp. reported the following information for 2016:

Budgeted sales

October $1240000

November $1260000

December $1510000

All sales are on credit.

Customer amounts on account are collected 50% in the month of sale and 50% in the following month.

How much cash will Bramble receive in November?

a. $1385000

b. $630000

c. $1250000

d. $1260000

Reference no: EM132784467

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