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The sales budget for Consolidated Industries for the 2nd quarter of the current year is given as follows: Actual Sales Sales Forecast March $230,000
The sales budget for Consolidated Industries for the 2nd quarter of the current year is given as follows: Actual Sales Sales Forecast March $230,000 April $250,000 May $270,000 June $300,000 Credit sales are collected as follows: 70% in the month of sale and 30% in the month after sale. The accounts receivable balance at the end of March was $180,000 and of that amount $69,000 was left uncollected from March sales. How much cash from March sales was collected in April?
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