Two Brothers Moving prepared the following sales budget:
Credit collections are 25% in the month of sale, 60% in the month following the sale, and 10% two months following the sale. The remaining 5% is expected to be uncollectible.
What is the total cash received in April from April sales?
A) $40,000
B) $4,000
C) $38,500
D) $2,500
Correct Answer:
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