Multiple Choice
The following sales budget has been prepared: 
Collections of credit sales are 50% in the month of sale,40% in the month following sale,and 10% two months following sale.No uncollectible accounts are expected.What are the estimated cash collections in December?
A) $135,000
B) $197,000
C) $325,000
D) $332,000
Correct Answer:
Verified
Correct Answer:
Verified
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