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How much are total budgeted cash collections during May

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Reference no: EM132802288

Question - DynaCare Products' sales are all on account. History indicates that sales will be collected as follows:

Month of sale 25%

Month following the sale 65%

Second month following the sale 8%

Never collected 2%

Budgeted sales data follows:

March $300,000

April $250,000

May $260,000

June $230,000

July $200,000

Required - How much are total budgeted cash collections during May?

a. $65,000

b. $258,300

c. $230,500

d. $251,500

Reference no: EM132802288

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