Quattro began operations in April of this year. It makes all sales on account, subject to the following collection pattern: 20% are collected in the month of sale; 50% are collected in the first month after sale; and 30% are collected in the second month after sale. If sales for April, May, and June were $50,000, $70,000, and $60,000, respectively, what were the firm's budgeted collections for April?

$10,000.

$12,000.

$39,000.

$40,000.

Some other amount.

Quattro began operations in April of this year. It makes all sales on account, subject to the following collection pattern: 25% are collected in the month of sale; 55% are collected in the first month after sale; and 20% are collected in the second month after sale. If sales for April, May, and June were $64,000, $84,000, and $74,000, respectively, what were the firm's budgeted collections for June?

$18,500.

$56,200.

$64,700.

$77,500.

Some other amount.

Verna's makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for October, November, and December were $65,000, $55,000, and $45,000, respectively, what was the budgeted receivables balance on December 31?

$31,500.

$37,000.

$39,500.

$53,000.

Some other amount.