Earthies Shoes has 55% of its sales in cash and the remainder on credit. Of the credit

Question:

Earthie’s Shoes has 55% of its sales in cash and the remainder on credit. Of the credit sales, 70% is collected in the month of sale, 15% is collected the month after the sale, and 10% is collected the second month after the sale. How much cash will be collected in June if sales are estimated as $75,000 in April, $65,000 in May, and $90,000 in June?

Fantastic news! We've Found the answer you've been seeking!