The BRS Corporation makes collections on sales according to the following schedule:30% in month of sale60% in month following sale10% in second month following saleThe following sales have been budgeted: Budgeted cash collections in June would be:
A) $137,000
B) $85,000
C) $45,000
D) $123,000

Question

The BRS Corporation makes collections on sales according to the following schedule:30% in month of sale60% in month following sale10% in second month following saleThe following sales have been budgeted:  Budgeted cash collections in June would be:
A) $137,000 
B) $85,000 
C) $45,000 
D) $123,000

Quizplus · Accepted Answer

The Answer of The BRS Corporation makes collections on sales according to the following schedule:30% in month of sale60% in month following sale10% in second month following saleThe following sales have been budgeted:  Budgeted cash collections in June would be:
A) $137,000 
B) $85,000 
C) $45,000 
D) $123,000

The BRS Corporation Makes Collections on Sales According to the Following