Avril Company makes collections on sales according to the following schedule:
30% in the month of sale
60% in the month following sale
8% in the second month following sale

The following sales are expected: Cash collections in March should be budgeted to be:

Question

Avril Company makes collections on sales according to the following schedule:
 30% in the month of sale
60% in the month following sale
8% in the second month following sale

The following sales are expected:  Cash collections in March should be budgeted to be:

Quizplus · Accepted Answer

Cash collections for March:
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Avril Company Makes Collections on Sales According to the Following