Parlee Company's sales are 30% in cash and 70% on credit. Sixty percent of the...

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Accounting

Parlee Company's sales are 30% in cash and 70% on credit. Sixty percent of the credit sales are collected in the month of sale, 25% in the month following sale, and 12% in the second month following sale. The remainder is uncollectible. The following are budgeted sales data:
January February March April
Total Sales $64,000 $90,000 $79,000 $33,000
What would be the budgeted total cash receipts in April?
a.
$31,285
b.
$45,145
c.
$32,245
d.
$23,760

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