Question
The BRS Corporation makes collections on sales according to the following schedule: 40% in month of sale 55% in month following sale 5% in second
The BRS Corporation makes collections on sales according to the following schedule:
40% in month of sale
55% in month following sale
5% in second month following sale
The following sales have been budgeted:
Sales
April $110,000
May $120,000
June $110,000
Budgeted cash collections in June would be:
A. $112,000
B. $110,000
C. $115,500
D. $110,500
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Business Communication Essentials
Authors: Courtland Bovee
4th Canadian Edition
0133508706, 978-0133508703
