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  3. 3 9. seventy percent of parlee farm's sales are co

3 9. Seventy percent of Parlee Farm's sales are collected in the month of sale,...

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Accounting

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3 9. Seventy percent of Parlee Farm's sales are collected in the month of sale, 25% in the month following sale, and 5% in the second month following sale. The following are budgeted sales data for the company: January February March April Total sales $600,000 $700,000 $500,000 $300,000 Total budgeted cash collections in April would be: a. $ 210,000 c. $260,000 b. $370,000 d. $400,000 e. None of the above. The answer is

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