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Budgeted sales are in the table below. 50% of sales are collected in the month of sale; 30% are collected in the month following sale,
Budgeted sales are in the table below. 50% of sales are collected in the month of sale; 30% are collected in the month following sale, and the remaining 20% are collected in the second month following sale. What is the amount of cash collections in June? A. $1,250 B. $2,150 C. $2,300 D. $3,010 April May June July August $1,500 2,000 2,500 3,200 4,000
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