Two Brothers Moving prepared the following sales budget: Credit collections are 62% in the month of sale, 30% in the month following the sale, and 5% two months following the sale. The remaining 3% is expected to be uncollectible.
What is the total cash received in April to account for the April sales at Two Brothers Moving?

Question

Two Brothers Moving prepared the following sales budget:  Credit collections are 62% in the month of sale, 30% in the month following the sale, and 5% two months following the sale. The remaining 3% is expected to be uncollectible.
What is the total cash received in April to account for the April sales at Two Brothers Moving?

Quizplus · Accepted Answer

The Answer of Two Brothers Moving prepared the following sales budget:  Credit collections are 62% in the month of sale, 30% in the month following the sale, and 5% two months following the sale. The remaining 3% is expected to be uncollectible.
What is the total cash received in April to account for the April sales at Two Brothers Moving?

Two Brothers Moving Prepared the Following Sales Budget: Credit