Accountants at Shell Company have prepared the sales budget for the first quarter of the upcoming year.February sales are budgeted at $175,000.All sales are made on credit.The cash receipts budget for March shows total cash receipts equal to $148,390.Shell grants a 2% discount to customers who pay within 10 days of the invoice.Shell collects 60% of sales within the discount period, 20% in the month of sale but outside the discount period, 15% in the month following sale and the remainder is uncollectible.What are the budgeted sales for March (if necessary, round your answer to the nearest dollar)?
A)$193,958
B)$221,625
C)$155,000
D)$314,795

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The Answer of Accountants at Shell Company have prepared the sales budget for the first quarter of the upcoming year.February sales are budgeted at $175,000.All sales are made on credit.The cash receipts budget for March shows total cash receipts equal to $148,390.Shell grants a 2% discount to customers who pay within 10 days of the invoice.Shell collects 60% of sales within the discount period, 20% in the month of sale but outside the discount period, 15% in the month following sale and the remainder is uncollectible.What are the budgeted sales for March (if necessary, round your answer to the nearest dollar)?
A)$193,958
B)$221,625
C)$155,000
D)$314,795

Accountants at Shell Company Have Prepared the Sales Budget for the First