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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%
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: Total Sales January $60,000 February $70,000 March $50,000 April $30,000 What would be the budgeted total cash receipts in April? Multiple Choice $47.900 Multiple Choice O $47,900. $38,900. O $27.230. $36,230
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