The BRS Corporation makes collections on sales according to the following schedule: 40% in month of sale 56% in month following sale 4% in second month following sale The following sales have been budgeted: Sales April $ 150,000 May $ 160,000 June $ 150,000 Budgeted cash collections in June would be: Multiple Choice A. $150,600 B. $149,600 C. $150,000 D. $155,600
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