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The WRT Corporation makes collections on sales according to the following schedule: 45% in month of sale 53% in month following sale 2% in second
The WRT Corporation makes collections on sales according to the following schedule: |
45% in month of sale |
53% in month following sale |
2% in second month following sale |
The following sales have been are expected: |
Expected Sales | |
April | $220,000 |
May | $150,000 |
June | $140,000 |
Budgeted cash collections in June should be budgeted to be: |
$146,900
$140,440
$140,000
$142,500
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