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Two Brothers Moving Prepared the Following Sales Budget: Credit

Question 144

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Two Brothers Moving prepared the following sales budget: Two Brothers Moving prepared the following sales budget: Credit collections are 25% in the month of sale, 60% in the month following the sale, and 10% two months following the sale. The remaining 5% is expected to be uncollectible. What are the total cash collections in June? A) $37,600 B) $86,800 C) $91,600 D) $96,300 Credit collections are 25% in the month of sale, 60% in the month following the sale, and 10% two months following the sale. The remaining 5% is expected to be uncollectible.
What are the total cash collections in June?


A) $37,600
B) $86,800
C) $91,600
D) $96,300

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