The PDQ Company Makes Collections on Credit Sales According to the Following

The PDQ Company makes collections on credit sales according to the following schedule: 25% in month of sale
70% in month following sale
4% in second month following sale
1% uncollectible
The following sales have been budgeted: The budget for cash collections in June will be:

A) $110,000.
B) $111,000.
C) $113,400.
D) $115,500.