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Dewey's Expects Sales of $780,$830,$870,and $790 for the Months of April

Question 62

Multiple Choice

Dewey's expects sales of $780,$830,$870,and $790 for the months of April through July,respectively.The firm collects 31 percent of sales in the month of sale,63 percent in the month following the month of sale,and 5 percent in the second month following the month of sale.The remaining 1 percent of sales is never collected.How much money does the firm expect to collect in the month of June?


A) $831.60
B) $801.40
C) $808.20
D) $788.20
E) $852.40

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