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Lincoln Company has budgeted the following amounts for sales in 2011: April $98,000 May 67,000 June 108,000 July 82,000 An analysis of past patterns of

Lincoln Company has budgeted the following amounts for sales in 2011:

April $98,000
May 67,000
June 108,000
July 82,000

An analysis of past patterns of receipts shows that 60% of the sales dollars are received in the month of the sale and 40% are received in the following month. Assuming this pattern continues, the amount of cash to be received in May and June is

Gruppo di scelte delle risposte

$91,600 and $81,600, respectively.

$85,600 and $83,400, respectively.

$97,600 and $97,600, respectively.

$79,400 and $91,600, respectively.

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