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QUESTION 24 Partial sales budget information for Beagle Company follows: January February March Total Cash sales $20,000 30,000 40,000 90,000 Sales on account 60,000 100,000
QUESTION 24 Partial sales budget information for Beagle Company follows: January February March Total Cash sales $20,000 30,000 40,000 90,000 Sales on account 60,000 100,000 110,000 270,000 Total budgeted sales 80,000 130,000 150,000 360,000 If accounts receivable is collected entirely in the month following the month of sale, what total amount of cash will be received in February? a. $90,000 O b. $100,000 O c. $130,000 d. $30,000
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