QUESTION 4: The following details have been extracted from the receivables collection records of C Co. Invoices paid in

[answerhappygod]

QUESTION 4:
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? (show your working)