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Feeney Furniture prepared the following sales budget: Month March April May june Cash Sales $20,000 $36,000 $42,000 $54,000 Credit Sales $10,000 $16,000 $40,000 $48,000 Credit

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Feeney Furniture prepared the following sales budget: Month March April May june Cash Sales $20,000 $36,000 $42,000 $54,000 Credit Sales $10,000 $16,000 $40,000 $48,000 Credit collections are 15% two months following the sale, 50% in the month following the sale, and 30% in the month of sale. The remaining 5% is expected to be uncollectible. What is the total cash received in April from the April sales at Feeney Furniture? $40,800 $4,800 $3,000 $39.000

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