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Francesco Paucek

Feb 20, 2025

The BRS Corporation makes collections on sales according to the following schedule: 20% in month of sale 71% in month following sale

The BRS Corporation makes collections on sales according to the following schedule: 20% in month of sale 71% in month following sale 9% in second month following sale The following sales have been budgeted: Sales April $ 110,000 May $ 130,000 June $ 120,000 Budgeted cash collections in June would be:
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$126,200Explanation:The collection for June will be as follows20% of June sales 71% of May sales9% of April sales20% of June =20/100 x 120,000=$24,000 71% of may sales=71/100 x $130,000=$92,3009% of April sales=9/100 x 110,000=$9900Total collection will be $24,000 + $92,000 + $9900=$126,200... Show More
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