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Distribution corporation collects

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Reference no: EM131752635

Distribution Corporation collects 40% of a month's sales in the month of sale, 55% in the month following sale, and 5% in the second month following sale. Budgeted sales for the upcoming four months are:

April budgeted sales $100,000
May budgeted sales $150,000
June budgeted sales $230,000
July budgeted sales $180,000

The amount of cash that will be collected in July is budgeted to be

A. $179,500.

B. $206,000.

C. $195,500.

D. $72,000.

Reference no: EM131752635

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