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4 Glastonbury Inc. began operations in April of this year. It makes all sales on account, subject to the following collection pattern: 30% are collected
4 Glastonbury Inc. began operations in April of this year. It makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale: 60% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for April, May, and June were $52,000, $72,000, and $62,000, respectively, what were the firm's budgeted collections for June? 00:23:20 Multiple Choice O $18,600 $52,800 O $51800 $67,000 None of the answers is correct
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