Orion Corporation is preparing a cash budget for the six months beginning January 1, Year 1. Shown below are the company's historical collection pattern and the budgeted credit sales for the period. 65 | percent collected in month of sale | 20 | percent collected in the first month after sale | 10 | percent collected in the second month after sale | 4 | percent collected in the third month after sale | 1 | percent uncollectible |
| |
|---|
| January | $ 160,000 | | February | 185,000 | | March | 190,000 | | April | 170,000 | | May | 200,000 | | June | 180,000 |
The estimated total cash collections during April from accounts receivable would be:
|
a. | $176,200 | |
b. | $173,400 | |
c. | $154,900 | |
d. | $167,000 |
|
