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:
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.
Correct Answer:
Verified
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