Multiple Choice
Figure 15-4
Budgeted sales for the second quarter of the current year are as follows: The company collects 20 per cent in the month of sale, 70 per cent in the first month following the sale, and 10 per cent in the second month following the sale.
-Refer to Figure 15-4 above. Total cash collected in June will be
A) £180,000.
B) £191,000.
C) £90,000.
D) £140,000.
Correct Answer:

Verified
Correct Answer:
Verified
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