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Orion Corporation is preparing a cash budget for the six months beginning January 1. Shown below are the company's expected collection pattern and the budgeted
Orion Corporation is preparing a cash budget for the six months beginning January 1. Shown below are the company's expected collection pattern and the budgeted sales for the period: Expected collection pattern: 65% collected in the month of sale 20% collected in the month after sale 10% collected in the second month after sale 4% collected in the third month after sale 1% uncollectible Budgeted Sales: January February March April May June $160,000 185,000 190,000 170,000 200,000 180,000 What would be the estimated total cash collections during April from sales and accounts receivables? $173.400. $155,900. $171,666. $167,000
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