Question 35 Not yet answered Marked out of 1.00 P. Flag question Silver Company makes a product that is very popular as a Mother's Day gift. The company's sales budget is given below: Month Budgeted sales February $230,000 March $260,000 April $300,000 May $500,000 June $200,000 The company has learned that 20% of a month's sales are collected in the month of sale, another 70% are collected in the month following sale, and the remaining 10% are collected in the second month following sale. What are the budgeted total cash receipts from sales for the month of April? What are the budgeted total cash receipts from sales for the month of April? $213,000 $336,000 $420,000 $265,000