Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. primary co. has budgeted sales of $228,000 in octo

Primary Co. has budgeted sales of $228,000 in October and $312,000 in November. The company...

50.1K

Verified Solution

Question

Accounting

Primary Co. has budgeted sales of $228,000 in October and $312,000 in November. The company expects it will collect 70% of cash from sales in the month of the sale. The remaining 30% of cash will be collected the next month. What is the expected cash to be collected in November?

$68,400

$286,800

$312,000

$253,200

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

Match each of the following terms to the appropriate definition. A type of cost that has two...

Physics
1.2K views

In the manufacture of steel engine components radioactive iron (59Fe) is included in a total mass...

Biology
1.2K views

Question 4 of 10 What happens during translation A Amino acids carried by tRNA are...

Physics
1.2K views

Online Mock Test Series for NEET 2020 43 A cell is balanced on a length...

Physics
1.2K views

9 A point charge is placed at the center of a spherical Gaussian surface The...

Geometry
1.2K views

B If ABCD AGEF find the value of x B C 1 point 2x 7...

Accounting
1.2K views

I know it's long, but I would appreciate it if all parts are completed. Please...

Accounting
1.2K views

Troy Engines, Ltd., manufactures a variety of engines for use in heavy equipment....

Accounting
1.2K views

Explain how management and unions negotiate contracts.

Accounting
1.2K views

Vernon Company manufactures two products. The budgeted per-unit contribution margin for each product follows: Super...

Finance
1.2K views

The preferred stock of Dallas Platinum Exchange has a par value of $55 and pays...

Finance
1.2K views

As the required rate of return on a firm's preferred stock increases (all else equal),...