The California Café cash and credit sales are listed above. The Café is able to collect 40% of its credit sales during the first month (after the sale), and 60% during the second month (after the sale). Use the information below to answer the question. Credit Sales Cash Sales March $ 25,000 $ 30,750 April $23,250 $ 28,600 May $ 20,250 $ 24,900 June $ 21,000 $ 25,800 July $ 24,000 $ 29,500 What is the total amount of cash collected in July (1. e. from both cash and credit sales combined) ? $20.550 541.650 550.050
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