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Two Brothers Moving prepared the following sales budget Month Cash Sales Credit Sales March $16.000 $12.000 April 533,000 $15.000 May 536.000 $39.000 June 556.000 5-66.000
Two Brothers Moving prepared the following sales budget Month Cash Sales Credit Sales March $16.000 $12.000 April 533,000 $15.000 May 536.000 $39.000 June 556.000 5-66.000 Credit collections are 10% in the month of sale, 65% in the month following the sale, and 20% two months following the sale. The remaining 5% is expected to be uncollectible What are the total cash collections in May at Two Brothers Moving? OA. $16.050 O B. 554,750 OC. $102,000 OD. 552.050
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