Ask Question
26 January, 22:45

Frankie's Chocolate Co. reports the following information from its sales budget: Expected Sales: July $ 90,000 August 110,000 September 120,000 Cash sales are normally 25% of total sales and all credit sales are expected to be collected in the month following the date of sale. The total amount of cash expected to be received from customers in September is:A) $ 78,000 B) $ 108,000 C) $ 120,000 D) $ 130,500

+3
Answers (1)
  1. 27 January, 00:17
    0
    B) $ 108,000

    Explanation:

    September cash sales

    (25% * $120,000) = $ 30,000

    August credit sales

    (75% * $104,000) = $78,000

    Cash collected in September is

    $ 108,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Frankie's Chocolate Co. reports the following information from its sales budget: Expected Sales: July $ 90,000 August 110,000 September ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers