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4 Shown below are the budgeted sales for Tyson Company for the first five months of the current year. All sales are made on account.
4 Shown below are the budgeted sales for Tyson Company for the first five months of the current year. All sales are made on account. January Budgeted Sales ??????? February March April May ??????? ??????? $43,700 $62,000 On average, 25% of the sales are collected in the month of sale, 20% are collected in the month following sale, 45% are collected in the second month following sale, and the remaining 10% is collected three months after the month of sale. Tyson Company had budgeted cash collections from customers of $46,847 in April and $63,115 in May. Tyson's budgeted accounts receivable at May 31 totaled $78,445. Calculate Tyson Company's budgeted sales in January. 2.5 pts
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