Homework answers / question archive / The following forecasted sales pertain to Cordon Corporation:  Month Sales September $40,000 October 50,000 November 30,000 December 20,000  Collection pattern: 65 percent in month of sale 35 percent in month following sale  Accounts receivable as of August 31 Finished goods inventory as of August 31  Cordon Corporation has a selling price of $2

The following forecasted sales pertain to Cordon Corporation:  Month Sales September $40,000 October 50,000 November 30,000 December 20,000  Collection pattern: 65 percent in month of sale 35 percent in month following sale  Accounts receivable as of August 31 Finished goods inventory as of August 31  Cordon Corporation has a selling price of $2

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The following forecasted sales pertain to Cordon Corporation: 
Month Sales September $40,000 October 50,000 November 30,000 December 20,000 
Collection pattern: 65 percent in month of sale 35 percent in month following sale 
Accounts receivable as of August 31 Finished goods inventory as of August 31 
Cordon Corporation has a selling price of $2.50 per unit and expects to maintain el 
Refer to Figure 8-5. How many dollars are expected to be collected in September? A. $7,000 B. $40,000 c, $33,000 D. $21.000