Ask Question
16 October, 22:56

Junior Snacks reports the following information from its sales budget: Expected Sales:October$136,000 November 144,000 December 180,000 All sales are on credit and are expected to be collected 35% in the month of sale and 65% in the month following sale. The total amount of cash expected to be received from customers in November is:

+4
Answers (1)
  1. 17 October, 02:41
    0
    Total cash = $138,800

    Explanation:

    Giving the following information:

    Expected Sales:

    October $136,000

    November $144,000

    December $180,000

    All sales are on credit and are expected to be collected 35% in the month of sale and 65% in the month following sale.

    Cash collection for November:

    November sales = 144,000*0.35 = $50,400

    From October = 136,000*0.65 = $88,400

    Total cash = $138,800
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Junior Snacks reports the following information from its sales budget: Expected Sales:October$136,000 November 144,000 December 180,000 All ...” 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