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Two Brothers Moving prepared the following sales budget: Month March April May June Cash Sales Credit Sales $21,000 $6,000 $40,000 $19,000 $44,000 $42,000 $50,000 $49,000
Two Brothers Moving prepared the following sales budget: Month March April May June Cash Sales Credit Sales $21,000 $6,000 $40,000 $19,000 $44,000 $42,000 $50,000 $49,000 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 is the total cash received in April to account for the April sales at Two Brothers Moving? A. $44,750 B. $41,500 C. $4,750 D. $1,500
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