4. Which of the following budgets are prepared before the purchases budget? Answer 5. Sixty percent of Apple Company's sales are collected in the month of sale, 30% in the month Following sale, and 10% in the second month following sale. The following are budgeted sales: Total budgeted cash collections in April would be: a. $400,000 c. $580,000 b. $520,000 d. $640,000 e. None of the above. The answer is