The following details have been extracted from the receivables collection records of C Co.
Invoices paid in the month after sale?????????????? ? 60%
Invoices paid in the second month after sale??? ?25%
Invoices paid in the third month after sale?????????12%
Bad debts?????????????????????????????????????????????????????????? 3%
Invoices are issued on the last day of each month.
Customers paying in the month after sale are entitled to deduct a 2% settlement discount. Credit sales values for June to September are budgeted as follows.
????? ????? June????????????? ?? July?????????????? ?? August????????????? September
?????????? $35,000?????????? $40,000???????????? $60,000????????????? $45,000
What is the amount budgeted to be received from credit sales in September?