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Distribution Corporation collects 45% of a month's sales in the month of sale, 40% in the month following sale, and 15% in the second month
Distribution Corporation collects 45% of a month's sales in the month of sale, 40% in the month following sale, and 15% 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 sa $140,000 $110,000 $290,000 $190,000 les The amount of cash that will be collected in July is budgeted to be OA. OB. OC. OD, $194,000 $218,000 $85,500 $132,500
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