3. Kramerica Inc. has forecast sales to be $600,000 in January, $480,000 in February, $500,000 in March and $620,000 in April. Forty percent of sales are made in cash, with the remainder on credit.
Credit sales are collected 70% in the month of sale, and 30% in the following month. What are budgeted cash collections for April? A $598,400 B. $248,000 c$508,400 D. $350,400