Pardee Company Makes 30% of Its Sales for Cash and 70

question 4

Multiple Choice

Pardee Company makes 30% of its sales for cash and 70% on account.60% of the account sales are collected in the month of sale,25% in the month following sale,and 12% in the second month following sale.The remainder is uncollectible.The following information has been gathered for the current year: Total cash receipts in Month 4 will be:

• A)$38,000.
• B)$47,900.
• C)$27,230.
• D)$36,230.

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