Business, 06.09.2019 16:30 Laylahlettiere

Trumbull corporation budgeted sales on account of $120,000 for july, $211,000 for august, and $198,000 for september. experience indicates that none of the sales on account will be collected in the month of the sale, 60% will be collected the month after the sale, 36% in the second month, and 4% will be uncollectible. the cash receipts from accounts receivable that should be budgeted for september would be: a. $169,800. b. $147,960. c. $197,880. d. $194,760.

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Trumbull corporation budgeted sales on account of $120,000 for july, $211,000 for august, and $198,0...

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