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Two Brothers Moving prepared the following sales budget: Month March April May June Cash Sales $20,000 $36,000 $42,000 $54,000 Credit Sales $10,000 $16,000 $40,000 $48,000
Two Brothers Moving prepared the following sales budget: Month March April May June Cash Sales $20,000 $36,000 $42,000 $54,000 Credit Sales $10,000 $16,000 $40,000 $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? O A. $86,800 O B. $96,300 O C. $37,600 O D. $91,600
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