Suppose JJ, Inc. collects 60% of credit sales in the month of sale, 25% in the month after the sale, and 10% in the 2nd
Posted: Sun Jun 05, 2022 10:44 am
Suppose JJ, Inc. collects 60% of credit sales in the month of sale, 25% in the month after the sale, and 10% in the 2nd month after the month of sale. If revenue was $90,000 in September, $150,000 in October, and $112,000 in November, how much cash did JJ collect in November? O $104,700 O $127,000 O $102,700 O $113,700