Manhattan Company's sales budget is presented below. Budgeted unit sales Sales price Sales revenue $132.150 July...

 

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Manhattan Company's sales budget is presented below. Budgeted unit sales Sales price Sales revenue $132.150 July $120.000 $126,750 $66,000 August September October 16,000 15,000 12,000 $160.000 $150.000 $120.000 $140.000 Historically, 10% of sales are cash sales. The remaining 90% are credit sales of the credit sales amount, 50% 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? 14,000 $10.00 $10.00 $10.00 $10.00 Manhattan Company's sales budget is presented below. Budgeted unit sales Sales price Sales revenue $132.150 July $120.000 $126,750 $66,000 August September October 16,000 15,000 12,000 $160.000 $150.000 $120.000 $140.000 Historically, 10% of sales are cash sales. The remaining 90% are credit sales of the credit sales amount, 50% 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? 14,000 $10.00 $10.00 $10.00 $10.00

Answer rating: 100% (QA)

Answer 126750 will be collected in the month of September Pleas... View the full answer