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Benton Company's sales budget shows the following expected total sales: Month Sales $ 22,000 January February $ 26,000 $ 31,000 $ 44,000 March April The
Benton Company's sales budget shows the following expected total sales: Month Sales $ 22,000 January February $ 26,000 $ 31,000 $ 44,000 March April The company expects 80% of its sales to be on account (credit sales). Credit sales are collected as follows: 25% in the month of sale and 70% in the month following the sale, with the remainder being uncollectible and written off. The total cash receipts during April would be: Multiple Choice $34,960, $23,925 $25,200 $23,100
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