Dayton has forecast sales to be $205,000 in February, $270,000 in March, $290,000 in April, and $310,000 in May. the average cost of goods sold is 60% of sales. All sales are made on credit and sales are collected 50% in the month of sale. 30% in the month following and the remainder 2 months after the sale. What are the budgeted cash receipts in May?

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UuuLIonh Budget direct oudst produ materials budget-budgeted income statement O Cash receipts budget-sales budget-production budget-budgeted income statement QUESTION 20 Dayton has forecast sales to be $205,000 in February, $270,000 in March, $290,000 in April, and $310,000 in May of sales. All sales are made on credit and sales are collected 50% in the onthorsale 30 e nonth foloin and here at sale. What are budgeted cash receipts in May? The average cost of goods sold is 60% n to th ate, t O $161.250 O $267,000 $241,500 O $296,000 Click Save and submit to save and submit. Click Save All Answers to save all answers