12) The LaGrange LLC had the following budgeted sales for the first half of the current year: January February March April May June Cash Sales Collections on sales: 60% in month of sale 30% in month following sale 10% in second month following sale $80,000 $50,000 $40,000 $35,000 $45,000 $40,000 Credit Sales The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled: $300,000 $200,000 $135,000 $120,000 $160,000 $140,000 The total cash collected during January by Obladi would be: A) $317,500 B) $ 330,000 C) $ 237,500 D) $260,000 The accounts receivable balance on January 1 of the current year was $70,000, of which $50,000 represents uncollected December sales and $20,000 represents uncollected November sales.

12) Obladi Oblada Life Goes On LLC had the following budgeted sales for the first half of the current year: The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled: The accounts receivable balance on January 1 of the current year was $70,000, of which $50,000 represents umcollected December sales and $20,000 represents uncollected November sales. The total cash collected during Jamuary by Obladi would be: A) $317,500 B) $330,000 C) $237,500 D) $260,000 12) Obladi Oblada Life Goes On LLC had the following budgeted sales for the first half of the current year: The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled: The accounts receivable balance on January 1 of the current year was $70,000, of which $50,000 represents umcollected December sales and $20,000 represents uncollected November sales. The total cash collected during Jamuary by Obladi would be: A) $317,500 B) $330,000 C) $237,500 D) $260,000