The Bowden Company has furnished the following information: What are Bowden Company's forecast total cash collections for the second quarter?

Question

The Bowden Company has furnished the following information:  What are Bowden Company's forecast total cash collections for the second quarter?

Quizplus · Accepted Answer

To calculate the total cash collections for the second quarter, we need to add up the cash collections for April, May, and June. According to the information provided, the cash collections for these months are:
April: $73,500
May: $82,500
June: $82,750
Therefore, the total cash collections for the second quarter are $73,500 + $82,500 + $82,750 = $238,750. Answer choice C is the correct answer.

The Bowden Company Has Furnished the Following Information: What