Two Brothers Moving prepared the following sales budget: Month March April May June Cash Sales Credit...

Transcribed Image Text:

Two Brothers Moving prepared the following sales budget: Month March April May June Cash Sales Credit Sales $21,000 $12,000 $33,000 $13,000 $39,000 $43,000 $59,000 $50,000 Credit collections are 40% in the month of sale, 40% in the month following the sale, and 10% two months following the sale. The remaining 10% is expected to be uncollectible. What are the total cash collections in May at Two Brothers Moving? $62,600 O $53,300 O $107,000 O $23,600 Two Brothers Moving prepared the following sales budget: Month March April May June Cash Sales Credit Sales $21,000 $12,000 $33,000 $13,000 $39,000 $43,000 $59,000 $50,000 Credit collections are 40% in the month of sale, 40% in the month following the sale, and 10% two months following the sale. The remaining 10% is expected to be uncollectible. What are the total cash collections in May at Two Brothers Moving? $62,600 O $53,300 O $107,000 O $23,600