The brs corporation makes collections on sales according to the following schedule: 40% in month of sale 56% in month following sale 4% in second month following sale the following sales have been budgeted: sales april $ 150,000 may $ 160,000 june $ 150,000 budgeted cash collections in june would be: multiple choice a. $150,600 b. $149,600 c. $150,000 d. $155,600

D. $155,600

Explanation:

The calculations of the budgeted cash collections are shown below:

= June sales × sale month collection percentage + May sales × following month collection percentage  + April sales × second following month collection percentage

= $150,000 × 40% + $160,000 × 56%  + $150,000 × 4%

= $60,000 + $89,600 + $6,000

= $155,600

Simply we multiplied the sales with the collection criteria

g

explanation:

g

the answer is d

explanation: