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Parlee Company's sales are 3 0 % in cash and 7 0 % on credit. Sixty percent of the credit sales are collected in the

Parlee Company's sales are 30% in cash and 70% on credit. Sixty percent of the credit sales are collected in the month of sale, 25% in the month following sale, and 12% in the second month following sale. The remainder is uncollectible. The following are budgeted sales data:
January
February
March
April
Total Sales
$64,000
$90,000
$79,000
$33,000
What would be the budgeted total cash receipts in April?
Question 15Answer
a.
$45,145
b.
$32,245
c.
$23,760
d.
$31,285

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