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Feeney Furniture prepared the following sales budget: MonthCash Sales Credit Sales March April May June $17,000 $12,000 $34,000 $10,000 $45,000 $40,000 $55,000 $51,000 Credit collections
Feeney Furniture prepared the following sales budget: MonthCash Sales Credit Sales March April May June $17,000 $12,000 $34,000 $10,000 $45,000 $40,000 $55,000 $51,000 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? OA. $88,100 B. S37.200 OC. $106,000 OD. $33,100
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