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Five Friends Relocation Company prepared the following sales budget Month Cash Sales Credit Sales March $17,000 $7,000 April $33,000 $13,000 $40,000 $35,000 June $59.000 $48,000

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Five Friends Relocation Company prepared the following sales budget Month Cash Sales Credit Sales March $17,000 $7,000 April $33,000 $13,000 $40,000 $35,000 June $59.000 $48,000 Credit collections are 50% in the month of sale, 43% in the month following the salo, and 5% two months following the sale. The remaining 2% is expected to be uncollectible What is the total cash received in April to account for the April sales at Five Friends Relocation Company? May A. $3,500 B. $36,500 C. $39,500 - X D. $6,500 Instructor Tip

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