Hatfield Company Has the Following Budgeted Credit Sales for the Last

Multiple Choice

Hatfield Company has the following budgeted credit sales for the last four months of the year -September, $13 000; October, $19 000; November $20 000; December, $24 000. Experience has shown that payment for the credit sales is received as follows: 10% in the month of sale, 60% in the first month after sale, 20% in the second month after sale, and 10% uncollectible. How much cash can Hatfield Company expect to collect in November as a result of credit sales?

A) $13 400
B) $16 000
C) $11 400
D) $14 000