The wrt corporation makes collections on sales according to the following schedule: 15% in month of sale 75% in month following sale 5% in second month following sale 5% uncollectible the following sales have been budgeted: sales april $ 198,000 may $ 117,000 june $ 159,000 budgeted cash collections in june would be:

so Budgeted cash collections in June  is $121500

Explanation:

given data

sale in month R1 =  15% = 0.15

sale month following R2 = 75% = 0.75

sale second month R3 = 5%  = 0.05

sale uncollectible R4 = 5% = 0.05

Sales April A =  $ 198,000

Sales May M =  $  117,000

Sales June J =  $ 159,000

to find out

Budgeted cash collections in June

solution

we will find june Budgeted cash so

we will apply here formula that is

june collection = J × R1 ÷  M × R2 ÷ A × R3

put all value we get june collection

june collection = 159,000  × 0.15 +  117,000  × 0.75 + 198,000 × 0.05

june collection = 121500

so Budgeted cash collections in June  is $121500

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