question 17

question18

17 Seventy percent of Pitkin Corporation's sales are collected in the month of sale, 20% in the month following sale, and 10% in the second month following sale. The following are budgeted sales data for the company: 10 points January February March April Budgeted sales $200,000 $300,000 $350,000 $250,000 Total budgeted cash collections in April would be: Budgeted sales in Acer Corporation over the next four months are given below: 18 September October November December Budgeted sales $120,000 $140,000 $180,000 $160,000 10 points Thirty percent of the company's sales are for cash and 70% are on account Collections for sales on account follow a stable pattern as follows: 50% of a month's credit sales are collected in the month of sale, 30% are collected in the month following sale, and 20% are collected in the second month following sale. Given these data, cash collections for December should be