The BRS Corporation makes collections on sales according to the following schedule: 45% in month of sale 50% in month following sale 5% in second month following sale The following sales have been budgeted: Sales April $140,000 May $150,000 June $140,000 Budgeted cash collections in June would be: Multiple Choice $145,000 $140,000 $140,700 $138,000

The BRS Corporation makes collections on sales according to the following schedule: 45% in month of sale 50% in month following sale 5% in second month following sale The following sales have been budgeted: Sales April $140,000 May $150,000 June $140,000 Budgeted cash collections in June would be: Multiple Choice $145,000 $140,000 $140,700 $138,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 9EA: Cash collections for Wax On Candles found that 60% of sales were collected in the month of the sale,...

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