The BRS Corporation makes collections on sales according to the following schedule: The following sales have been budgeted: Budgeted cash collections in June would be:

Question

The BRS Corporation makes collections on sales according to the following schedule:  The following sales have been budgeted:  Budgeted cash collections in June would be:

Quizplus · Accepted Answer

According to the collection schedule given, 70% of sales for May, 20% of sales for April, and 10% of sales for March will be collected in June. Using the budgeted sales of $200,000 for May, $100,000 for April, and $50,000 for March, we can calculate the budgeted cash collections for June as follows:

$200,000 x 70% = $140,000
$100,000 x 20% = $20,000
$50,000 x 10% = $5,000

Total = $140,000 + $20,000 + $5,000 = $165,000

Therefore, the correct answer is A) $137,000. Cash collections for June: 11ea7998_5d6a_038b_911b_d7785323dc6c_TB2627_00_TB2627_00

The BRS Corporation Makes Collections on Sales According to the Following