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Sugar Pine Inc

Question 61

Multiple Choice

Sugar Pine Inc.collects 30% of its sales in the month of sale and the other 70% in the following month.The following shows budgeted sales for January through March.
Sugar Pine Inc.collects 30% of its sales in the month of sale and the other 70% in the following month.The following shows budgeted sales for January through March. What is the amount of cash receipts budgeted for February? A) $97,500 B) $271,250 C) $272,500 D) $302,500 E) None of the answer choices is correct.
What is the amount of cash receipts budgeted for February?


A) $97,500
B) $271,250
C) $272,500
D) $302,500
E) None of the answer choices is correct.

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