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The following sales budget for the last six months: January February $ 190,000 April $ 187,500 S 192,000 May $ 195,000 March $ 184,000
The following sales budget for the last six months: January February $ 190,000 April $ 187,500 S 192,000 May $ 195,000 March $ 184,000 June $ 182,500 Historically, the cash collection of sales has been as follows: The % of sales collected in the month of sale is The % of sales collected in the month following the sale is The % of sales collected in the second month following the sale is The % of sales that are uncollectible 4) What are the budgeted Cash collections for the month of May? Record your answer here 50% 30% 15% 5%
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