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The WRT Corporation makes collections on sales according to the following schedule: 15% in month of sale 75% in month following sale 5% in second
The WRT Corporation makes collections on sales according to the following schedule:
15% in month of sale
75% in month following sale
5% in second month following sale
5% uncollectible
The following sales have been budgeted:
Sales April $ 163,000 May $ 111,000 June $ 122,000
Budgeted cash collections in June would be:
$18,300
$109,700
$91,400
$126,700
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