Use the information below to answer the following question(s) .
Three Sisters Catering prepared the following sales budget:
Credit collections are 35% in the month of sale, 55% in the month following the sale, and 10% two months following the sale. The remaining 5% is expected to be uncollectible.
-What are the total cash collections in June at Three Sisters Catering?
A) $38,000
B) $85,600
C) $96,900
D) $94,400
Correct Answer:
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