Historically, 10% of sales are cash sales. Fifty percent (50%) of credit sales are collected in the month of sale, 45% are collected in the month following the sale, and 5% are uncollectible. Based on this pattern, how much cash will Manhattan collect in September?

• $126,750
• $66,000
• $132,150
• $120,000

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Budgeted unit sales Sales price Sales revenue July August September October 16,000 15,000 12,000 14,000 $10.00 $10.00 $10.00 $10.00 $160,000 $150,000 $120,000 $140,000 Budgeted unit sales Sales price Sales revenue July August September October 16,000 15,000 12,000 14,000 $10.00 $10.00 $10.00 $10.00 $160,000 $150,000 $120,000 $140,000

Answer rating: 100% (QA)

September Cash sale 120000 ... View the full answer