• 2022-06-12
    An extract from a company's sales budget is as follows:$October 224,000November 390,000December 402,00010% of sales are paid for immediately in cash. Of the credit customers, 30% pay in the month following the sale and are entitled to a 1% discount. The remaining customers pay twomonths after the sale is made.What is the value of sales receipts shown in the company's cash budget for December?
    A: $285,567
    B: $286,620
    C: $290,430
    D: $312,830