Lee's Appliances forecasts the following sales figures for the next four months.
Cash sales average 10 per cent of total sales and credit sales are collected 50 per cent in the month of sale and 50 per cent in the month following sale. What are the estimated cash collections in May?
A) $215 000
B) $207 500
C) $195 000
D) $82 500

Question

Lee's Appliances forecasts the following sales figures for the next four months. 
Cash sales average 10 per cent of total sales and credit sales are collected 50 per cent in the month of sale and 50 per cent in the month following sale. What are the estimated cash collections in May?
A) $215 000 
B) $207 500 
C) $195 000 
D) $82 500

Quizplus · Accepted Answer

The Answer of Lee's Appliances forecasts the following sales figures for the next four months. 
Cash sales average 10 per cent of total sales and credit sales are collected 50 per cent in the month of sale and 50 per cent in the month following sale. What are the estimated cash collections in May?
A) $215 000 
B) $207 500 
C) $195 000 
D) $82 500

Lee's Appliances Forecasts the Following Sales Figures for the Next