The ABC Corporation makes collections on sales according to the following schedule: 40% in month of sale 56% in month following sale 4% in second month following sale The following sales have been budgeted: April May June Sales $210,000 $160,000 $150,000 Budgeted cash collections in June would be: Multiple Choice $158,000 $150,000 $150,840

The ABC Corporation makes collections on sales according to the following schedule: 40% in month of sale 56% in month following sale 4% in second month following sale The following sales have been budgeted: Budgeted cash collections in June would be: Muitiple choice $158,000 $150,000 $150,840