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Two Brothers Moving prepared the following sales budget: Month March April Cash Sales $24,000 $36,000 $45,000 $60,000 Credit Sales $6,000 $12,000 $36,000 $47,000 May June
Two Brothers Moving prepared the following sales budget: Month March April Cash Sales $24,000 $36,000 $45,000 $60,000 Credit Sales $6,000 $12,000 $36,000 $47,000 May June Credit collections are 62% in the month of sale, 30% in the month following the sale, and 5% two months following the sale. The remaining 3% is expected to be uncollectible. What is the total cash received in April to account for the April sales at Two Brothers Moving? O A. $43,440 O B. $39,720 O C. $7,440 O D. $3,720
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