Business, 22.11.2019 01:31 Triciamorrison

Feeney furniture prepared the following sales budget: month cash sales credit sales march $19,000 $11,000 april $40,000 $11,000 may $43,000 $35,000 june $59,000 $50,000 credit collections are 5% two months following the sale, 30% in the month following the sale, and 62% in the month of sale. the remaining 3% is expected to be uncollectible. what are the total cash collections in june at feeney furniture?

a. $101,050
b. $42,050
c. $19,820
d. $109,000

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Feeney furniture prepared the following sales budget: month cash sales credit sales march $19,000 $...

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