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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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8 years ago
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) $72,000.
C) $195,500.
D) $206,000.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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8 years ago
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bernie2981 Author
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#2
8 years ago
Answers my question perfectly.
wrote...
#3
4 years ago
Thabk you
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#4
4 years ago
Thank you!
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