Seventy percent of Pitkin Corporation's sales are collected in the month of sale, 20% in the month following sale, and 10% in the second month following sale. The following are budgeted sales data for the company:
Total budgeted cash collections in April would be:
A) $175,000
B) $275,000
C) $70,000
D) $30,000
Correct Answer:
Verified
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