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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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Applied Statistics In Business And Economics

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