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Distribution Corporation collects 35% of a month's sales in the month of sale, 45% in the month following sale, and 20% in the second month
Distribution Corporation collects 35% of a month's sales in the month of sale, 45% in the month following sale, and 20% in the second month following sale. Budgeted sales for the upcoming four months are: April budgeted sales May budgeted sales June budgeted sales July budgeted sales $130,000 $150,000 $290,000 $190,000 The amount of cash that will be collected in July is budgeted to be OA. $221,000 B. $227,000 O c. $66,500 O D. $160,500
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