DynaCare Products' sales are all on account. History indicates that sales will be collected as follows:

Month of sale	25%
Month following the sale	65%
Second month following the sale	8%
Never collected	2%

Budgeted sales data follows:

March	$300,000
April	$250,000
May	$260,000
June	$230,000
July	$200,000

How much are total budgeted cash collections during May?

Group of answer choices

$230,500

$258,300

$65,000

$251,500

Answer rating: 100% (QA)

Option d 251500explanation below ... View the full answer