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Quattro began operations in April of this year. It makes all sales on account, subject to the following collection pattern: 30% are collected in the

Quattro began operations in April of this year. It 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
  • 10% are collected in the second month after sale.

If sales for April, May, and June were $60,000, $80,000, and $70,000, respectively, what were the firm's budgeted collections for May?

Group of answer choices

21,000

60,000

69,000

75,000

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