Multiple Choice
Caribbean Tool and Die Company's forecasted sales for April, May, June and July are $150 000, $225 000, $180 000, and $210 000, respectively. Sales are 50% cash and 50% credit with all accounts receivables collected in the month following the sale.
What are the cash collections budgeted for June?
A) $202 500
B) $112 500
C) $220 000
D) $180 000
Correct Answer:

Verified
Correct Answer:
Verified
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