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Two Brothers Moving prepared the following sales budget: Month Cash Sales Credit Sales March $20,000 $10,000 April $36,000 $16,000 May $42,000 $40,000 June $54,000 $48,000

Two Brothers Moving prepared the following sales budget:

Month

Cash Sales

Credit Sales

March

$20,000

$10,000

April

$36,000

$16,000

May

$42,000

$40,000

June

$54,000

$48,000

Credit collections are 25% in the month of sale, 60% in the month following the sale, and 10% two months following the sale. The remaining 5% is expected to be uncollectible.

What are the total cash collections in June at Two Brothers Moving?

A.

$37,600

B.

$96,300

C.

$86,800

D.

$91,600

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