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Seventy Percent of Parlee Corporation's Sales Are Collected in the Month

Question 44

Multiple Choice

Seventy percent of Parlee Corporation's sales are collected in the month of sale, 25% in the month following sale, and 5% in the second month following sale. The following are budgeted sales data for the company: Seventy percent of Parlee Corporation's sales are collected in the month of sale, 25% in the month following sale, and 5% in the second month following sale. The following are budgeted sales data for the company: Total budgeted cash collections in April would be: A) $35,000 B) $125,000 C) $210,000 D) $370,000 Total budgeted cash collections in April would be:


A) $35,000
B) $125,000
C) $210,000
D) $370,000

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