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what are the total cash collections in june LLLLLLLLL Feeney Furniture prepared the following sales budget: Month Cash Sales Credit Sales March $24,000 $12,000 TL
what are the total cash collections in june
LLLLLLLLL Feeney Furniture prepared the following sales budget: Month Cash Sales Credit Sales March $24,000 $12,000 TL April $38,000 $17,000 May $36,000 $38,000 $52,000 $46,000 Credit Collections are 10% two months following the sale, 40% in the month following the sale, and 40% in the month of sale. The remaining 10% is expected to be uncollectible O A. $98,000 O B. $26,600 OC. $87,300 OD. $35,300 Step by Step Solution
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