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QUESTIONS The Company propared the following sales budget Month Cash Sale March 524000 311.000 $397000 310000 33600 BOB June $16.000 Credit collections are to two

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QUESTIONS The Company propared the following sales budget Month Cash Sale March 524000 311.000 $397000 310000 33600 BOB June $16.000 Credit collections are to two months following the sale, 40% in the month following the sale, and 40% in the month of sale. The remaining 10% is expected to be uncollectible What are the total cash collections in June at the Company? 527 000 397.000 535400 586.400

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