Business, 08.04.2020 00:08 kaliyab191

12. Finmin Company has the following sales budget for the last six months of 2015: July $200,000 October $180,000 August 160,000 November 200,000 September 200,000 December 180,000 Sales are immediately due, however the cash collection of sales, historically, has been as follows: 65% of sales collected in the month of sale, 25% of sales collected in the month following the sale, 8% of sales collected in the second month following the sale, and 2% of sales are uncollectible. Cash collections for September are . a. $143,000 b. $170,000 c. $186,000 d. $204,000

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12. Finmin Company has the following sales budget for the last six months of 2015: July $200,000 Oct...