8) Distribution Corporation collects 35% of a month's sales in the month of sale, 45% in the month following sale, and 20% in the second month following sale. Budgeted sales for the upcoming four months are: April budgeted sales May budgeted sales June budgeted sales July budgeted sales $50,000 $180,000 $260,000 $160,000 The amount of cash that will be collected in July is budgeted to be A) $56,000 B) $153,000 C) $212,000 D) $209,000 9) Sharon Corporation collects 10% in the second month following sale, 40% in the month following sale and 40% of a month's sales in the month of sale. The company has found that 10% of their sales are uncollectible. Budgeted sales for the upcoming four months are: August budgeted sales September budgeted sales October budgeted sales November budgeted sales $280,000 $350,000 $380,000 $240,000 The amount of cash that will be collected in November is budgeted to be A) $316,000 B) $283,000 C) $96,000 D) $216,000