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Assume a company is preparing a budget for its first two months of operations. During...

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Accounting

Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects credit $ales of $45,000 and $75,000, respectively. The
company expects to collect 45% of its credit sales in the month of the sale and the remaining 55% in the following month. What amount of cash collections from credit sales would the
company Include in Its cash budget for the second month?
Multiple Choice
$33,750
$58,500
$41,250
$54,000
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