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question 119

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Use the information below to answer the following question(s) .
Three Sisters Catering prepared the following sales budget:
Use the information below to answer the following question(s) . Three Sisters Catering prepared the following sales budget:     Credit collections are 35% in the month of sale, 55% in the month following the sale, and 10% two months following the sale. The remaining 5% is expected to be uncollectible. -What are the total cash collections in May at Three Sisters Catering? A)  $66,200 B)  $21,800 C)  $65,800 D)  $76,400
Credit collections are 35% in the month of sale, 55% in the month following the sale, and 10% two months following the sale. The remaining 5% is expected to be uncollectible.
-What are the total cash collections in May at Three Sisters Catering?


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