Trumbull Company Budgeted Sales on Account of £120,000 for July

question 30

Multiple Choice

Trumbull Company budgeted sales on account of £120,000 for July, £211,000 for August, and £198,000 for September. Collection experience indicates that none of the budgeted sales will be collected in the month of the sale, 60% will be collected the month after the sale, 36% in the second month, and 4% will be uncollectible. The cash receipts from accounts receivable that should be budgeted for September would be

• A)£169,800.
• B)£147,960.
• C)£197,880.
• D)£194,760.

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