What the cash collections in march should be budgeted

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Question - Center Company makes collections on sales according to the following schedule:

30% in the month of sale

60% in the month following sale

8% in the second month following sale

The following sales are expected: Expected Sales

January $100,000

February $110,000

March $110,000

Required - What the cash collections in March should be budgeted?

a. $117,000.

b. $107,000.

c. $110,000.

d. $113,000.

e. $117,000.

Reference no: EM133002590

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