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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Business

Mckinley Monroe

21 January, 01:47

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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Josephine Brown · Answer 1

Total Collection 52,840

Explanation:

Collected Cash from July

Cash sales for July 29,500

40% of Credit sales of June

40% of 21,000 8,400

60% of Credit sales for May

60% of 24,900 14,940

Total Collection 52,840

w e add the july credit sales

plus the portion of june sales

and the portion of may sales.