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Business, 21.04.2020 19:03 sciencefanfae7248

Black Horse Transportation’s sales budget for the first quarter follows:

January $125,000
February 300,000
March 290,000

All sales are on account (credit) with 50% collected in the month of sale, 30% collected in the following month after sale, and 20% collected in the second month after sale. There are no uncollectable accounts.

The March cash receipts are:

A. $102,500
B. $260,000
C. $250,500
D. $172,500

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Answers: 1

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Black Horse Transportation’s sales budget for the first quarter follows:

January $125,00...
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