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Acme Company is preparing a budget for the second quarter of the year. Acme collects 4 0 % of its sales on account in the

Acme Company is preparing a budget for the second quarter of the year. Acme collects 40% of its sales on account in the month of the sale and 60% in the month following the sale. Sales on account are budgeted at $75,000 for April, and cash collections from sales on account are budgeted at $81,000 for May. What are the budgeted sales on account for the month of May?
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$75,000
$90,000
$67,500
$60,000

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