The WRT Corporation makes collections on sales according to the following schedule: 25% in month of sale
65% in month following sale
5% in second month following sale
5% uncollectible
The following sales have been budgeted: Budgeted cash collections in June would be:
A)$27,500
B)$98,500
C)$71,000
D)$115,500

Question

The WRT Corporation makes collections on sales according to the following schedule: 25% in month of sale
65% in month following sale
5% in second month following sale
5% uncollectible
The following sales have been budgeted:  Budgeted cash collections in June would be:
A)$27,500 
B)$98,500 
C)$71,000 
D)$115,500

Quizplus · Accepted Answer

The Answer of The WRT Corporation makes collections on sales according to the following schedule: 25% in month of sale
65% in month following sale
5% in second month following sale
5% uncollectible
The following sales have been budgeted:  Budgeted cash collections in June would be:
A)$27,500 
B)$98,500 
C)$71,000 
D)$115,500

The WRT Corporation Makes Collections on Sales According to the Following