The sales budget for Consolidated Industries for the 2nd quarter of the current year is given...

 

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The sales budget for Consolidated Industries for the 2nd quarter of the current year is given as follows: Actual Sales Sales Forecast March $230,000 April $250,000 May $270,000 June $300,000 Credit sales are collected as follows: 70% in the month of sale and 30% in the month after sale. The accounts receivable balance at the end of March was $180,000 and of that amount $69,000 was left uncollected from March sales. How much cash from March sales was collected in April? The sales budget for Consolidated Industries for the 2nd quarter of the current year is given as follows: Actual Sales Sales Forecast March $230,000 April $250,000 May $270,000 June $300,000 Credit sales are collected as follows: 70% in the month of sale and 30% in the month after sale. The accounts receivable balance at the end of March was $180,000 and of that amount $69,000 was left uncollected from March sales. How much cash from March sales was collected in April?