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just double checking my answer: Gallonte Inc. began operations in April of this year. It makes all sales on account, subject to the following collection
just double checking my answer: Gallonte Inc. began operations in April of this year. It makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for April, May, and June were $80,000, $110,000, and $100,000, respectively, what were the firm's budgeted collections for the quarter?
Multiple Choice
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$171,000.
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$190,000.
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$209,000.
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$234,000.
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None of the answers is correct.
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