Distribution Corporation collects 35% of a month's sales in the month of sale, 45% in the month following sale, and 20% in the second month following sale. Budgeted sales for the upcoming four months are: The amount of cash that will be collected in July is budgeted to be

Question

Distribution Corporation collects 35% of a month's sales in the month of sale, 45% in the month following sale, and 20% in the second month following sale. Budgeted sales for the upcoming four months are:  The amount of cash that will be collected in July is budgeted to be

Quizplus · Accepted Answer

The Answer of Distribution Corporation collects 35% of a month's sales in the month of sale, 45% in the month following sale, and 20% in the second month following sale. Budgeted sales for the upcoming four months are:  The amount of cash that will be collected in July is budgeted to be

Distribution Corporation Collects 35% of a Month's Sales in the Month