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Two Brothers Moving prepared the following sales budget: Month March April May June Cash Sales $22,000 $34,000 $45,000 $55,000 Credit Sales $8,000 $12,000 $41,000 $53,000
Two Brothers Moving prepared the following sales budget: Month March April May June Cash Sales $22,000 $34,000 $45,000 $55,000 Credit Sales $8,000 $12,000 $41,000 $53,000 Credit collections are 32% in the month of sale, 40% in the month following the sale, and 20% two months following the sale. The remaining 8% is expected to be uncollectible. What are the total cash collections in June at Two Brothers Moving? O A. $90,760 O B. $108,000 O C. $35,760 OD. $17,240
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