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total cash collected on May-18 0 Nothing mentioned ( ) 386,000 o 375,000 366,000 O 388,000 380,000 info for Questiors 17-20 Sales budget for Electro
total cash collected on May-18 0 Nothing mentioned ( ) 386,000 o 375,000 366,000 O 388,000 380,000
info for Questiors 17-20 Sales budget for Electro Techno Company for the second quarter given below Total June 200,000 May 400,000 April 400,000 Budgeted sales From the past experience, the company has learned that 20% of a month's sales are collected in the month of sale, another 70% are collected in the month following sale, and the remaining 10% are collected in the second month following sale. Bad debts are negligible and can be ignored. February sales totaled 260,000 and March sales totaled 260,000
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