Question: Let's Assume Maple Ridge Corp has the following sales data forecast for the coming year Q1 Budgeted sales in units4,960.00 Q2 Budgeted sales in units6,200.00

Let's Assume Maple Ridge Corp has the following sales data forecast for the coming year

Q1 Budgeted sales in units4,960.00

Q2 Budgeted sales in units6,200.00

Q3 Budgeted sales in units7,440.00

Q4 Budgeted sales in units6,820.00

Selling price/ per unit$12.40

Sales collection in current quarter65%

Sales collection in next quarter30%

Uncollectible5%

Last year outstanding A/R$49,910.00

Please calculated what is the Q2 total Cash Receipts:

A.

$74,573.60

B.

$126,852.00

C.

$49,972.00

D.

$68423.20

Clear my choice

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