Multiple Choice
Funcycle Manufacturing's budget includes the following credit sales for the current year: September,$145,000;October,$136,000;November,$120,000;December,$157,000.Experience has shown that payment for the credit sales is received as follows: 15% in the month of sale,50% in the first month after sale,and 35% in the second month after sale.What are the cash collections of credit sales in the month of December?
A) $23,550.
B) $107,600.
C) $83,550.
D) $157,000.
E) $131,150.
Correct Answer:

Verified
Correct Answer:
Verified
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