Business, 29.10.2020 16:30, icashaypabozp

Pitkins Company collects 20% of a month's sales in the month of sale, 70% in the month following sale, and 6% in the second month following sale. The remainder is uncollectible. Budgeted sales for the next four months are: Cash collections in April are budgeted to be: January February March April
$200,000 $300,000 $350,000 $250,000

Required:
What are the budgeted Cash collections for April?

Answers: 2

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Pitkins Company collects 20% of a month's sales in the month of sale, 70% in the month following sal...