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The WRT Corporation makes collections on sales according to the following schedule: 10% in month of sale 80% in month following sale 5% in second
The WRT Corporation makes collections on sales according to the following schedule: 10% in month of sale 80% in month following sale 5% in second month following sale 5% uncollectible The following sales have been budgeted: Sales April $ 218,000 May $ 163,000 June $ 187,000 Budgeted cash collections in June would be:
$18,700
$160,000
$141,300
177,000
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