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Distribution Corporation collects 40% of a month's sales in the month of sale, 55% in the month following sale, and 5% in the second month
Distribution Corporation collects 40% of a month's sales in the month of sale, 55% in the month following sale, and 5% in the second month following sale. Budgeted sales for the upcoming four months are:
April budgeted sales | $100,000 |
May budgeted sales | $150,000 |
June budgeted sales | $230,000 |
July budgeted sales | $180,000 |
The amount of cash that will be collected in July is budgeted to be
A.$179,500.
B.$206,000.
C.$195,500.
D.$72,000.
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