Two Brothers Moving prepared the following sales budget: 
Credit collections are 40% in the month of sale, 40% in the month following the sale, and 10% two months following the sale. The remaining 10% is expected to be uncollectible.
What are the total cash collections in May at Two Brothers Moving?
A) $62,600
B) $23,600
C) $53,300
D) $107,000
Correct Answer:
Verified
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