Multiple Choice
Kara Ltd. has the following sales forecasts for the selected three-month period in 2004: Seventy percent of sales are collected in the month of the sale, and the remainder are collected in the following month.
Minimum cash balance is £10,000. Cash can be borrowed in £1,000 increments from the local bank (assume no interest charges) .
How much cash would be collected in September from sales?
A) £15,400
B) £17,000
C) £16,000
D) £20,000
Correct Answer:
Verified
Correct Answer:
Verified
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