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Warehouse Corporation Collects 30% of a Month's Sales in the Month

Question 101

Multiple Choice

Warehouse Corporation collects 30% of a month's sales in the month of sale,65% in the month following sale,and 5% in the second month following sale.Budgeted sales for the upcoming four months are:  April budgeted sales $100,000 May budgeted sales $150,000 June budgeted sales $230,000 July budgeted sales $180,000\begin{array} { | l | c | } \hline \text { April budgeted sales } & \$ 100,000 \\\hline \text { May budgeted sales } & \$ 150,000 \\\hline \text { June budgeted sales } & \$ 230,000 \\\hline \text { July budgeted sales } & \$ 180,000 \\\hline\end{array} The amount of cash that will be collected in July is budgeted to be:


A) $ 54,000.
B) $171,500.
C) $203,500.
D) $211,000.

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