Question: Section C - Cash Budget problem 1. March, April, and May sales are $ 1 00,000, $ 1 20,000, and $ 1 25,000, respectively. A

Section C - Cash Budget problem 1. March, April, and May sales are $ 1 00,000, $ 1 20,000, and $ 1 25,000, respectively. A total of 80% of all sales are credit sales and 20% are cash sales. A total of 60% of credit sales are collected in the month of the sale and 40% are collected in the next month. There are no bad debt expenses. What is the amount or cash collections for April? End of document

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