Business, 13.09.2019 03:30 graysonisok

Natcher corporation collects 35% of a month's sales in the month of sale, 40% in the month following sale, and 20% in the second month following sale. the company has found that 5% of their sales are uncollectible. budgeted sales for the upcoming four months are:
august budgeted sales $250,000
september budgeted sales $350,000
october budgeted sales $390,000
november budgeted sales $230,000
the amount of cash that will be collected in november is budgeted to be
i. $218,500
ii. $138,000
iii. $272,500
iv. $338,500
v. none of the above

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Natcher corporation collects 35% of a month's sales in the month of sale, 40% in the month following...

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