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18-19 The Khaki C orporation has the following budgeted sales data Cash Sales... January February March April $70,000 $90,000 $80,000 $70,00o $400,000 $350,000 $300,000 $320,000

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18-19 The Khaki C orporation has the following budgeted sales data Cash Sales... January February March April $70,000 $90,000 $80,000 $70,00o $400,000 $350,000 $300,000 $320,000 The regular pattern of collect sale, and the remainder in the second month following the ion o f credit sales is 40% in the month of sale, 50% in the month following month of sale. There are no bad debts he budgeted accounts receivable balance on February 28 would be. A) $250,000 B) $210,000 C) $175,000 D) $215,000 19. The budgeted cash receipts for April would be: A) $350,000 B) $320,000 C) $313,000 D) $383,000

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