A Firm Has Forecasted Sales of $4,500 in April, $3,000

question 92

Multiple Choice

A firm has forecasted sales of $4,500 in April, $3,000 in May, and $5,000 in June. All sales are on credit. 30% is collected in the month of the sale, and the remainder in the following month. How much cash is collected in June?

• A) $1,500
• B) $5,250
• C) $4,050
• D) $3,600

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