ANAGERIAL ACC 9:31 PM/ Remaining: 23 min. Multiple Choice Question 137 Avery Man

Question

ANAGERIAL ACC 9:31 PM/ Remaining: 23 min. Multiple Choice Question 137 Avery Manufacturing has the following sales budgets for the fourth quarter Cash sales Credit sales October November December $580,400 624,800 806,900 $232,900 344,000 398,700 The accounting manager has analyzed cash collections and determined that credit sales are collected 70% in the month of tale, 20% the non it uncollectible. How much cash will Avery collect in November? $787,830 $865,600 $693,600 $912,180 Question Attempts 0 ot 2sed LINK TO TEXT

Explanation / Answer

* The Correct Option is D - $912180

November Cash Sales 624800 Credit Sales October Sales ( 232900 * .2) 46580 November Sales (344000 * .7) 240800 Total Cash Collection 912180

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