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Livingston Enterprise's budget includes the following credit sales for the current year: March, $146,000; April, $137,000; May, $121,000; June, $158,000. Credit sales are collected
Livingston Enterprise's budget includes the following credit sales for the current year: March, $146,000; April, $137,000; May, $121,000; June, $158,000. Credit sales are collected as follows: 10% in the month of sale, 55% in the first month after sale, and 35% in the second month after sale. How much cash can the company expect to collect in June as a result of current and past credit sales? OA.S15,800. O B.S82,350. OC.S130,300. OD.$114,500. OE. $158,000.
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