Parlee Company's sales are 30% in cash and 70% on credit.Sixty % of the credit sales are collected in the month of sale,25% in the month following sale,and 12% in the second month following sale.The remainder are uncollectible.The following are budgeted sales data: Total cash receipts in April would be budgeted to be:
A) $38,900
B) $47,900
C) $27,230
D) $36,230
Correct Answer:
Verified
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