Two Brothers Moving prepared the following sales budget: Month Cash Sales Credit Sales March $20,000...
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Two Brothers Moving prepared the following sales budget: Month Cash Sales Credit Sales March $20,000 $9,000 April $34,000 $17,000 May $35,000 $40,000 June $56,000 $53,000 Credit collections are 40% in the month of sale, 40% in the month following the sale, and 10% two months following the sale. The remaining 10% is expected to be uncollectible. What is the total cash received in April to account for the April sales at Two Brothers Moving? O A. $40,800 OB. $3,600 OC. $37,600 D. $6,800
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