June sales were $22,000,while projected sales for July and August were $45,000 and $63,000,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) $31,200
B) $35,800
C) $8,800
D) $27,000

Question

Quizplus · Accepted Answer

B)
Calculation of expected collections for the month of July:
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June Sales Were $22,000,while Projected Sales for July and August