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The PDQ Company makes collections on credit sales according to the following schedule: 25% in month of sale 70% in month following sale 4% in

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The PDQ Company makes collections on credit sales according to the following schedule: 25% in month of sale 70% in month following sale 4% in second month following sale 1% uncollectible The following sales have been budgeted: Month April May June Sales $100,000 120,000 110,000 What would be the cash collections in June? Multiple Choice D. $110,000 $111,500. $113.400 $115,500

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