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The amount of cash that will be collected in july is budget

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Question

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 -- $70,000

May budgeted sales -- $130,000

June budgeted sales -- $210,000

July budgeted sales -- $240,000

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

Reference no: EM132314980

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