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Tommy's Tomatoes sells tomato cages on account for $15 each. Tommy collects 60% of sales revenue in the month in which the sale was made,
Tommy's Tomatoes sells tomato cages on account for $15 each. Tommy collects 60% of sales revenue in the month in which the sale was made, and 40% in the following month. In June, July, and August, Tommy's Tomatoes expects to sell 18,000, 15,000, and 6,000 cages, respectively. Accounts Receivable as of May 31 totaled $130,000. What is the budgeted sales revenue for June? O A. $225,000 B. $162,000 C. $292,000 D. $270,000
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