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What budgeted cash collections in june would be

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Reference no: EM132590806

Nationals Corporation makes collections on sales according to the following schedule:

25% in month of sale

65% in month following sale

5% in second month following sale

5% uncollectible

The following sales have been budgeted:

Sales

April......... $120,000

May......... $100,000

June......... $110,000

Question 1: Budgeted cash collections in June would be:

Group of answer choices

Option 1: $71,000

Option 2: $27,500

Option 3: $98,500

Option 4: $115,500

Reference no: EM132590806

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