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25 June, 17:56

Based on the company's collection history, 2% of credit sales are uncollectible, 40% are collected in month of sale and the remainder is collected in the following month. Total budgeted cash receipts in February 2014 are expected to be:

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  1. 25 June, 18:13
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    Therefore, option C is correct

    Step-by-step explanation:

    Budgeted cash receipts for February = 60000 + 303800*0.40 + 274400*.60

    = 60000 + 121520 + 164640

    = 346160
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