solve22

2. The SKY Corporation makes collections on sales according to the following schedule: 25% in month of sale 65% in month following sale 5% in second month following sale 5% uncollectible The following sales have been budgeted: July...........$120,000 August......... $100,000 September..........$110,000 Budgeted cash collections in September would be: * (3 Points) $98,500 $71,000 $115,500 $27,500