Garibaldi Inc

question 40

Multiple Choice

Garibaldi Inc.collects 40% of its sales in the month of sale and the other 60% in the following month.The following shows budgeted sales for October through December.

What is the amount of cash receipts budgeted for November?

• A)$4,080,000
• B)$1,740,000
• C)$2,340,000
• D)$2,835,000
• E)None of the answer choices is correct.

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