Business, 03.04.2020 20:10, deyuntamathis

Gallonte Inc. began operations in April of this year. It makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for April, May, and June were $63,000, $83,000, and $73,000, respectively, what were the firm's budgeted collections for April?

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Gallonte Inc. began operations in April of this year. It makes all sales on account, subject to the...