Orion Corporation is preparing a cash budget for the six months beginning Januar

Question

Orion Corporation is preparing a cash budget for the six months beginning January 1. Shown below are the company's expected collection pattern and the budgeted sales for the period.

Expected collection pattern:
65% collected in the month of sale
20% collected in the month after sale
10% collected in the second month after sale
4% collected in the third month after sale
1% uncollectible

Budgeted sales:



The estimated total cash collections during April from sales and accounts receivables would be:







$155,900








$167,000








$171,666








$173,400

Explanation / Answer

$171,666

$155,900

$167,000

$173,400

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