Business, 07.03.2020 00:59, amazingmariah1234

Seventy percent of Parlee Corporation's sales are collected in the month of sale, 25% in the month following sale, and 5% in the second month following sale. The following are budgeted sales data for the company:
Jan Feb Mar Apr
Total Sales $600,000 $700,000 $500,000 $300,000
Total Budgeted cash collections in April would be:.
a. $125,000.
b. $210,000.
c. $370,000.
d. $35,000.

Answers: 3

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Seventy percent of Parlee Corporation's sales are collected in the month of sale, 25% in the month f...