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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
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 are as illustrated below: January $160.000 February $185.000 March $190.000 April $170.000 May $200.000 June $180.000 The estimated total cash collections during April from sales and accounts receivables would be: Select one: O a. $173,400 b. $167,000 c. $171,666 d. $155,900
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