Question: Answer for upvote please Use the information below to answer the following question(s). Copper Corporation has the following sales budget for the last six months
Answer for upvote please

Use the information below to answer the following question(s). Copper Corporation has the following sales budget for the last six months of 2021 July $200,000 October $180,000 August 160,000 November 200,000 September 220,000 December 188,000 Historically, the cash collection of sales has been as follows: 65 percent of sales collected in month of sale, 25 percent of sales collected in month following sale, 8 percent of sales collected in second month following sale, and 2 percent of sales is uncollectable. 1) Cash collections for September are A. $204,000 B. $199,000 C. $161,400 D. $143,000 2) What is the ending balance of accounts receivable at the end of September assuming uncollectible balance is written off in the fourth month after the sale? A. $93,000 B. $199,000 C. $97,000 D. $89,800 3) Cash collections for October are A. $117,000 B. $176,400 C. $184,800 D. $199,000
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
