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Feeney Furniture prepared the following sales budget: Month March April May June Cash Sales Credit Sales $22,000 $5,000 $32,000 $14,000 $37,000 $36,000 $55,000 $47,000 Credit
Feeney Furniture prepared the following sales budget: Month March April May June Cash Sales Credit Sales $22,000 $5,000 $32,000 $14,000 $37,000 $36,000 $55,000 $47,000 Credit collections are 20% two months following the sale, 65% in the month following the sale, and 10% in the month of sale. The remaining 5% is expected to be uncollectible. What are the total cash collections in June at Feeney Furniture? O A. $102,000 O B. $85,900 O c. $34,200 OD. $30,900
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