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Bruiser's Ballet budgeted sales are shown below. 50 % of sales are collected in the Cash Colection month of sale, 30% in the month following
Bruiser's Ballet budgeted sales are shown below. 50 % of sales are collected in the Cash Colection month of sale, 30% in the month following sale, and 15% in the second month following temp sale. The remainder is uncollectible. January Sales $60,000 February $70,000 March $50,000 April $30,000 May $40,000 June $60,000 0,000x-1s 10So0 1 Total cash receipts in April would be budgeted to be: A. $30,000 B. $25,500 C.$40,500 D.$25,000
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