La Yarrs United Group makes collections on sales according to the following schedule: 50% in month of sale 47% in month following sale 3% in second month following sale The following sales have been budgeted: Sales April %24 170,000 Мay 24 190,000 June %24 180,000 Budgeted cash collections in June would be: Select one: a. $180,000 b. $184.400 C. $180,510 d. $179.300

La Yarrs United Group makes collections on sales according to the following schedule: 50% in month of sale 47% in month following sale 3% in second month following sale The following sales have been budgeted: Sales April %24 170,000 Мay 24 190,000 June %24 180,000 Budgeted cash collections in June would be: Select one: a. $180,000 b. $184.400 C. $180,510 d. $179.300

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 9EB: Cash collections for Renew Lights found that 65% of sales were collected in the month of sale, 25%...

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