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What were the firm budgeted collections for April

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Reference no: EM132774219

Problem - Quattro began operations in April of this year. It makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for April, May, and June were $60,000, $80,000, and $70,000, respectively, what were the firm's budgeted collections for April?

A. $18,000.

B. $21,000.

C. $60,000.

D. $65,000.

E. Some other amount.

Reference no: EM132774219

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