Fact pattern: Esplanade Company has the following historical pattern for its credit sales: 1.75% collected in...

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Fact pattern: Esplanade Company has the following historical pattern for its credit sales: 1.75% collected in month of sale 2. 20% collected in the first month after sale 3.4% collected in the second month after sale 4.1% uncollectible The sales on open account have been budgeted for the last 6 months of the year as shown below: July August September October November December $60,000 70,000 80,000 90,000 100,000 85,000 Esplanade's estimated total cash collections during September from accounts receivable would be ? Fact pattern: Esplanade Company has the following historical pattern for its credit sales: 1.75% collected in month of sale 2. 20% collected in the first month after sale 3.4% collected in the second month after sale 4.1% uncollectible The sales on open account have been budgeted for the last 6 months of the year as shown below: July August September October November December $60,000 70,000 80,000 90,000 100,000 85,000 Esplanade's estimated total cash collections during September from accounts receivable would be ?

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The detailed answer for the above question is provided below Answer C is correct For Oct... View the full answer