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Tucker Inc. makes dog treats. The Sales budget is provided. All sales are on acount. Tucker Inc 's collection pattern is 70% in month of sale 25% collected in month following sale 5% uncollectible The March 31 ac recevabie balance of 30,000 will be collected in full Budgeted Sales April June Quarter May 150,000 200,000 140,000 490,000 Total Sales What is the total cash collected for the quarter? O 148,000 O 177,500 460,500 O 130,000

Tucker Inc. makes dog treats. The Sales budget is provided. All sales are on acount. Tucker Inc 's collection pattern is 70% in month of sale 25% collected in month following sale 5% uncollectible The March 31 ac recevabie balance of 30,000 will be collected in full Budgeted Sales April June Quarter May 150,000 200,000 140,000 490,000 Total Sales What is the total cash collected for the quarter? O 148,000 O 177,500 460,500 O 130,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Tucker Inc. makes dog treats. The Sales budget is provided. All sales are on acount. Tucker Inc's collection pattern is 70% in month of sale 25% collected in month following sale 5% uncollectible The March 31 accountS vable balance of 30,000 will be collected in full Budgeted Sales Total Sales April 150,000 200,000140,000 490,000 May June Quarter What is the total cash collected for the quarter? O 148,000 O 177,500 O 460,500 O 130,000
Transcribed Image Text:Tucker Inc. makes dog treats. The Sales budget is provided. All sales are on acount. Tucker Inc's collection pattern is 70% in month of sale 25% collected in month following sale 5% uncollectible The March 31 accountS vable balance of 30,000 will be collected in full Budgeted Sales Total Sales April 150,000 200,000140,000 490,000 May June Quarter What is the total cash collected for the quarter? O 148,000 O 177,500 O 460,500 O 130,000
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