The BRS Corporation makes collections on sales according to the following schedule:   25% in month of sale 71% in month following sale 4% in second month following sale   The following sales have been budgeted:     Sales April $ 180,000 May $ 110,000 June $ 100,000     Budgeted cash collections in June would be:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The BRS Corporation makes collections on sales according to the following schedule:

 

25% in month of sale
71% in month following sale
4% in second month following sale

 

The following sales have been budgeted:

 

  Sales
April $ 180,000
May $ 110,000
June $ 100,000
 

 

Budgeted cash collections in June would be:

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