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Justin Company's Budget Includes the Following Credit Sales for the Current

Question 58

Multiple Choice

Justin Company's budget includes the following credit sales for the current year: September,$25,000;October,$36,000;November,$30,000;December,$32,000.Experience has shown that payment for the credit sales is received as follows: 15% in the month of sale,60% in the first month after sale,20% in the second month after sale,and 5% is uncollectible.How much cash can Justin Company expect to collect in November as a result of current and past credit sales?


A) $19,700.
B) $28,500.
C) $30,000.
D) $31,100.
E) $33,900.

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