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Benton Company's sales budget shows the following expected total sales: Month Sales January $ 16,000 February $ 20,000 March $ 25,000 April $ 48,000 The

Benton Company's sales budget shows the following expected total sales:

Month Sales

January $ 16,000

February $ 20,000

March $ 25,000

April $ 48,000

The company expects 70% of its sales to be on account (credit sales). Credit sales are collected as follows: 25% in the month of sale, 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

$35,200.

$25,200.

$19,925.

$35,050.

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