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Five Friends Relocation Company prepared the following sales budget: Month March April May June Cash Sales $22,000 $39,000 $36,000 $57,000 Credit Sales $5,000 $14.000 $39.000
Five Friends Relocation Company prepared the following sales budget: Month March April May June Cash Sales $22,000 $39,000 $36,000 $57,000 Credit Sales $5,000 $14.000 $39.000 $51,000 Credit collections are 40% in the month of sale, 40% in the month following the sale, and 10% two months following the sale. The remaining 10% is expected to be uncollectible. What are the total cash collections in May at Five Friends Relocation Company? CER O A. $94,000 O B. $57,700 O c. $21,700 OD. $47,500
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