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Backyard Corporation collects 30% of a month's sales in the month of sale, 60% in the month following sale, and 10% in the second month

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Backyard Corporation collects 30% of a month's sales in the month of sale, 60% in the month following sale, and 10% in the second month following sale. Budgeted sales for the upcoming four months are: April budgeted sales $150,000 May budgeted sales $150,000 June budgeted sales $290,000 July budgeted sales $220,000 The amount of cash that will be collected in July is budgeted to be A $241,000 B. $189,000 C. $255,000 OD. $66,000

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