June Sales Were $30,000,while Projected Sales for July and August

question 91

Multiple Choice

June sales were $30,000,while projected sales for July and August were $52,000 and $74,000,respectively.Sales are 60% cash and 40% credit.All credit sales are collected in the month following the sale.Calculate expected collections for July.

• A)$38,800
• B)$43,200
• C)$12,000
• D)$31,200