Credit Sales Assignment
February 19th, 2020
CALCULATOR NEX FULL-SCREEN PRINTER VERSION BACK Multiple Choice Question 138 Avery Manufacturing has the following sales budgets for the fourth quarter Cash sales credit sales October $232,900 $580,400 November 624,800 344,000 December 806,900 398,700
The accounting manager has analyzed cash collections and determined that credit sales are collected 70% in the month of sale, 20 % in the month following the sale, and 10% in the 2nd month following sale. How much cash will Avery collect in December O $1,178,080 O $1.154.790 O $898.990 O $1.205,600. .