All of Porter Corporation's sales are on account.Sixty percent of the credit sales are collected in the month of sale, 25% in the month following sale, and 10% in the second month following sale.The remainder are uncollectible.The following are budgeted sales data for the company:
Cash receipts in April are expected to be:
A) $420, 000
B) $545, 000
C) $605, 000
D) $185, 000
Correct Answer:
Verified
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