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Co makes all sales on account, subject to the following collection

Co makes all sales on account, subject to the following collection:30% are collected in the month of sale; 60% are collected in the first month after sale, and 10% are collected in the second month after sale. If sales for April, May, and June were $60,000, $80,000, and $70,000, recpectively, what were the firm's budgeted collections for June?
A. $21,000
B. $60,000
C. $69,000
D. 75,000"

Nov 10 2017 View more View Less

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