12

emaining Time: 1 hour, 49 minutes, 38 seconds. uestion Completion Status: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 aestion 12 Drinkwater Corporation has retrieved the following information from their sales budget: Month January February March April May June Total Budgeted Revenue $720,000 $890,687 $780,726 $642.962 $810,000 $660,000 All sales are made on account. Collections on sales are based on the following schedule: Percentage Initial Month 15% Month Following 25% Second Month Following 60% What are the total cash receipts for the month of April? Moving to another question will save this response