Reck Chocolates reports the following information from its sales budget: Expected Sales amount: July RM 97,000 August RM117,000 September RM127,000 Cash sales are normally 30% of total sales and all credit sales are expected to be collected in the month following the date of sale. The total amount of cash expected to be received from customers in September is: a.120,000. b.38,100. c. 127,000. d.81,900. e.208,900.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Reck Chocolates reports the following information from its sales budget:
Expected Sales amount:
July
RM 97,000
August
RM117,000
September
RM127,000
Cash sales are normally 30% of total sales and all credit sales are expected to be collected in the month
following the date of sale. The total amount of cash expected to be received from customers in
September is:
a.120,000.
b.38,100.
c.127,000.
d.81,900.
e.208,900.
Transcribed Image Text:Reck Chocolates reports the following information from its sales budget: Expected Sales amount: July RM 97,000 August RM117,000 September RM127,000 Cash sales are normally 30% of total sales and all credit sales are expected to be collected in the month following the date of sale. The total amount of cash expected to be received from customers in September is: a.120,000. b.38,100. c.127,000. d.81,900. e.208,900.
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