Figure 2 Budgeted Sales for the Second Quarter of the Current Year

Multiple Choice

Figure 2
Budgeted sales for the second quarter of the current year are as follows:
The company collects 20 percent in the month of sale, 70 percent in the first month following the sale, and 10 percent in the second month following the sale.
-Refer to Figure 2. April sales to be collected in May are

A) £30,000
B) £105,000
C) £104,000
D) £-0-