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What the total amount of cash expected to be received

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Reference no: EM132530807

Junior Snacks reports the following information from its sales budget:

Expected sales:

October  $135,000

November 143,000

December 179,000

Question 1: All sales are on credit and are expected to be collected 40% in the month of sale and 60% in the month following sale. The total amount of cash expected to be received from customers in November is:

Multiple Choice

Option 1: $138,200.

Option 2: $81,000.

Option 3: $143,000.

Option 4: $224,000.

Option 5: $57,200.

Reference no: EM132530807

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