The BRS Corporation makes collections on sales according to the following schedule:30% in month of sale66% in month following sale4% in second month following saleThe following sales have been budgeted: Budgeted cash collections in June would be:
A) $146,200
B) $140,000
C) $140,520
D) $141,000

Question

The BRS Corporation makes collections on sales according to the following schedule:30% in month of sale66% in month following sale4% in second month following saleThe following sales have been budgeted:  Budgeted cash collections in June would be:
A) $146,200 
B) $140,000 
C) $140,520 
D) $141,000

Quizplus · Accepted Answer

The Answer of The BRS Corporation makes collections on sales according to the following schedule:30% in month of sale66% in month following sale4% in second month following saleThe following sales have been budgeted:  Budgeted cash collections in June would be:
A) $146,200 
B) $140,000 
C) $140,520 
D) $141,000

The BRS Corporation Makes Collections on Sales According to the Following