7 Jent Company reported the following information for 2019:
October November December
Budgeted sales $320,000 $340,000 $360,000
Budgeted purchases $120,000 $128,000 $144,000
· All sales are on credit
· Customer amounts on account are collected 40% in the month of sale and 60% in the following month
Instructions
Compute the amount of cash Jent will receive during November
