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8 Glastonbury Inc began operations in April of this year. It makes all sales on...

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8 Glastonbury Inc began operations in April of this year. It 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 sales and 30% are collected in the second month after sale. If sales for April, May, and June were $59,000, $79.000, and $69.000, respectively, what were the firm's budgeted collections for April? 9.30 Multiple Choice $11.800 $13,000 $45,300 $47,200 None of the answers is correct

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