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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 May June $ 218,000 $ 163,000 $ 187,000 Budgeted cash collections in June would be: O $18,700 O $160,000 O $141,300 O $177000
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