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months are Riverside Corporation collects 45% of a month's sales in the month of sale, 40% in the month following sale, and 15% in the
months are Riverside Corporation collects 45% of a month's sales in the month of sale, 40% in the month following sale, and 15% in the second month following sale. Budgeted sales for the upcoming four April budgeted sales May budgeted sales June budgeted sales $70,000 $110,000 $280,000 $210,000 July budgeted sales The amount of cash that will be collected in July is budgeted to be OA $223,000 OB. $94,500 OC. $128,500 OD. $193,000
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