Question: Moving to another question will save this response. Question 15 Company B prepared the following sales budget for the second quarter. Projected sales for each
Moving to another question will save this response. Question 15 Company B prepared the following sales budget for the second quarter. Projected sales for each of the first three months of operations are as follows: Sales Budget Cash Sales Salos on Account Aari 115,000 455,000 570,000 May 77,000 500,000 577,000 June 140,000 490,000 630,000 Co.3 expects to collec: 70% of the sales on account in the month of sale, 20w in the month following the sale, and the remainder in the second month following the sale. What is the amount of budgeted cash collections for June? 5628,500 5577,000 5630,000 5553,100
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