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Cyclone Inc. is a wholesaler of mattresses that began business on January 1. The company's sales policy requires 40% payment in the month of sale, 30% the next month, and 30% due the third month. Purchases will be paid 60% in the month of purchase and 40% in the following month. Cyclone expects to begin operations in January with $5,000 in cash. Cyclone's expected transactions from January to May are as follows:

-Budgeted cash collections for April are

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Cyclone Inc. is a wholesaler of mattresses that began business on January 1. The company's sales policy requires 40% payment in the month of sale, 30% the next month, and 30% due the third month. Purchases will be paid 60% in the month of purchase and 40% in the following month. Cyclone expects to begin operations in January with $5,000 in cash. Cyclone's expected transactions from January to May are as follows:
 
-Budgeted cash collections for April are

Quizplus · Accepted Answer

Without the specific details of the budget or cash collection scenario provided in the question, it's impossible to accurately determine the correct answer. However, selecting option C is arbitrary without the context or calculations to support why $63,000 would be the correct budgeted cash collection for April.

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