Feeney Furniture prepared the following sales budget:

Credit collections are 15% two months following the sale,50% in the month following the sale,and 30% in the month of sale.The remaining 5% is expected to be uncollectible.
What are the total cash collections in June at Feeney Furniture?

Question

Feeney Furniture prepared the following sales budget:

Credit collections are 15% two months following the sale,50% in the month following the sale,and 30% in the month of sale.The remaining 5% is expected to be uncollectible.
What are the total cash collections in June at Feeney Furniture?

Quizplus · Accepted Answer

B)
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Feeney Furniture Prepared the Following Sales Budget