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What were the firm budgeted collections for the quarter

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Reference no: EM132092521

Question - Quattro began operations in April of this year. It makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for April, May, and June were $60,000, $80,000, and $70,000, respectively, what were the firm's budgeted collections for the quarter?

$121,000.

$140,000.

$153,000.

$175,000.

Some other amount.

Reference no: EM132092521

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