Solved: If sales for april may and june were 62000 99000 and 71000, Accounting Basics

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If sales for april may and june were 62000 99000 and 71000

Question - Quattro makes all sales on account, subject to the following collection pattern: 20% are collected in the month of sale; 50% are collected in the first month after sale; and 30% are collected in the second month after sale. If sales for April, May, and June were $62,000, $99,000, and $71,000, respectively, what were the firm's budgeted collections for June?

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Accounting Basics: If sales for april may and june were 62000 99000 and 71000

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