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The WRT Corporation makes collections on sales according to the following schedule: -15% in...

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Accounting

The WRT Corporation makes collections on sales according to the following schedule:

-15% in month of sale

-75% in month following sale

-5% in second month following sale

-5% uncollectible

The following sales have been budgeted:

-April $ 140,000

-May $ 185,000

-June $ 201,000

Budgeted cash collections in June would be?:

a. $30,150

b. $175,900

c. $145,750

d. $192,900

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