For October, budgeted cash collections are:
A. $20,000.
B. $60,000.
C. $80,000.
D. None of the above is
Answer:C
For October, budgeted cash collections are:
A. $20,000. B. $60,000. C. $80,000. D. None of the above is
Explanation: C) (October $100,000 × 60% = $60,000) + (Beginning accounts receivable