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Feeney Fumiture prepared the following sales budget Month Cash Sales Credit Sales March $20,000 $13,000 April $40,000 $19,000 May $43,000 $40,000 June 558,000 $49,000 Credit
Feeney Fumiture prepared the following sales budget Month Cash Sales Credit Sales March $20,000 $13,000 April $40,000 $19,000 May $43,000 $40,000 June 558,000 $49,000 Credit collections are 5% two months following the sale, 30% in the month following the sale, and 62% in the month of sale. The remaining 3% is expected to be uncollectible What are the total cash collections in June at Feeney Furniture? OA $107.000 OB. 5101,330 OC. $26.230 OD. $43,330
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