All of Pocast Corporation's sales are on account.Sixty percent of the credit sales are collected in the month of sale, 30% in the month following sale, and 10% in the second month following sale.The following are budgeted sales data for the company: 
Cash receipts in April are expected to be:
A) $530,000
B) $360,000
C) $460,000
D) $410,000
Correct Answer:
Verified
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