Question: I need help solving question 9 not sure if answer is B. Please provide detailed explanation. ng data pemains to the next two questions 95522

I need help solving question 9 not sure if answer is B. Please provide detailed explanation.

I need help solving question 9 not sure if answer is B.

ng data pemains to the next two questions 95522 Company has the following budgeted sales for the last half of next year: July ..................... August .............. September... October.... November December Cash Sales $50,000 $55,000 $45,000 $50,000 $60,000 $80,000 Credit Sales $150,000 $170,000 $130,000 $145,000 $200,000 $350,000 The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled: Aug Sep Oct Collections on credit sales: 60% in month of sale 30% in month following sale 10% in second month following sale 8. The total cash receipts during October would be: A. SI50,000 B. $236,500 $193,000 50,000+ 145,000 x 60 % D. S200,000 + E. S364,500 87000 + 32,50 145.000x 60% 180000x zof 17ooo & 50000 = 50,000 170000 X.10=17000 130 000 X.30 = 39000 145000 X 10 = 6700 193000 9. What is the budgeted accounts receivable balance on November 30? A. $160,000 B. $94.500 C. S140,000 D. $131,300 E. $71,000 80.00 114500 Sep Nov Nov Oct Aug Dec Jan Neu 3 Nova C 950000 .69 1 45000 X.10 - 14-500 200 000 X.30 = 60000 200 000 -10 30000 =94500

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