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Question 3 20 pts OUR Company's credit customers have a payment pattern such that none...

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Accounting

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Question 3 20 pts OUR Company's credit customers have a payment pattern such that none of them pay for their purchases (on credit) during the month of the sale. 60% of them pay in the next month after the sale and ALL of those pay in time to get a 1% discount. 35% pay in the second month after the sale and 5% of credit sales result in bad debts. If the company sells $100,000 on credit in September, how much cash from these sales will be paid in October? $59.400 O $60,000 $100,000 None of these is correct. Question 4 20 pts THEIR Company's credit customers have a payment pattern such that none of them pay for their purchases (on credit) during the month of the sale. 70% of them pay in the month after the sale and ALL of them pay in time to get a 2% discount 25% pay in the second month after 5% are bad debts. If the company sells $100,000 on credit in October, how much cash will THEIR Company collect for the bad debts? sal $0 Cannot be determined from the information provided None of these is correct 55.000

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