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 is the total cash received in April from the April sales at Feeney Furniture?
A) $4,800
B) $39,000
C) $3,000
D) $40,800
Correct Answer:
Verified
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