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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
- 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:
|
| January | February | March | April |
| Budgeted sales | $200,000 | $300,000 | $350,000 | $250,000 |
Total budgeted cash collections in April would be:
A) $175,000
B) $275,000
C) $70,000
D) $30,000
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