19. SalaRita's sales are 32% cash and 68% credit. Of the credit sales, 40% of credit sales are collected in the month of sale, 45% in the month following the sale, and 15% is collected two months after. Budgeted sales data is as follows: June July August $200,000 120,000 150,000 How much is total cash collected during August? A) $145,920 B) $105,120 C) $88,800 D) $144,000
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
![19. SalaRita's sales are 32% cash and 68% credit. Of the credit sales, 40% of credit sales are
collected in the month of sale, 45% in the month following the sale, and 15% is
collected two months after. Budgeted sales data is as follows:
June
July
August
$200,000
120,000
150,000
How much is total cash collected during August?
A) $145,920
B) $105,120
C) $88,800
D) $144,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5a47c208-9ef3-438e-b289-156976afd20e%2Fc02ef6c2-9a0f-4646-8046-636a49e94f04%2Fnckp41e_processed.png&w=3840&q=75)
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