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Two Brothers Moving prepared the following sales budget Month March April May June Cash Sales Credit Sales $19,000 $10,000 $33,000 $13,000 $42,000 $50,000 $37,000
Two Brothers Moving prepared the following sales budget Month March April May June Cash Sales Credit Sales $19,000 $10,000 $33,000 $13,000 $42,000 $50,000 $37,000 $46,000 Credit collections are 50% in the month of sale, 43% in the month following the sale, and 5% two months following the sale. The remaining 2% is expected to be uncollectible What are the total cash collections in May at Two Brothers Moving? A. $24,590 OB. $54,440 OC. $66,590 OD. $102,000
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