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Seventy percent of Pitkin Corporation's sales are in the month of sale, 20% in the month following sale, and 10% in the second month following
Seventy percent of Pitkin Corporation's sales are 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:
$30,000
$275,000
$175,000
$70,000
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