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Boise Boots prepared the following sales budget Month Cash Sales Credit Sales March $23.000 $5,000 April May $40,000 $14,000 $43,000 June $50,000 $45,000 $54,000
Boise Boots prepared the following sales budget Month Cash Sales Credit Sales March $23.000 $5,000 April May $40,000 $14,000 $43,000 June $50,000 $45,000 $54,000 Credit collections are 20% two months following the sale, 65% in the month following the sale, and 10% in the month of sale. The remaining 5% is expected to be uncollectible What is the total cash reclived in Apri from the April sales at Boise Boots? OA. $38,600 OB. $11.400 OC. $1,400 OD. $54,000
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