Avril company makes collections on sales according to the


 

Avril Company makes collections on sales according to the following schedule:

45% in the month of sale

51% in the month following sale

4% in the second month following sale

 

The following sales are expected:

 

Expected Sales

  January

$190,000    

  February

$180,000    

  March

$170,000    

 

Cash collections in March should be budgeted to be:

$175,900

$170,760

$170,000

$168,300

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Financial Accounting: Avril company makes collections on sales according to the
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