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DynaCare Products' sales are all on account. History indicates that sales will be collected as follows: Month of sale 25% Month following the sale 65%

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DynaCare Products' sales are all on account. History indicates that sales will be collected as follows: Month of sale 25% Month following the sale 65% Second month following the sale 8% Never collected 2% Budgeted sales data follows: March $300,000 April $250,000 May $260,000 June $230,000 July $200,000 How much are total budgeted cash collections during May? A. $230,500 B. $258,300 C. $65,000 D. $251,500

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