Seventy percent of parle corporations sales are collected, Financial Accounting

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Seventy percent of parle corporations sales are collected

Seventy percent of Parle Corporation's sales are collected in the month of sale, 25% in the month following sale, and 5% in the second month following sale. The following are budgeted sales data for the company:

January February March April

$600,000 $700,000 $500,000 $300,000

Total budgeted cash collections in April would be:

a. $210,000

b. $35,000

c. $125,000

d. $370,000

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Financial Accounting: Seventy percent of parle corporations sales are collected

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Financial Accounting: Seventy percent of parle corporations sales are collected

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