REVENUE AND CASH COLLECTION. McDonald Books sells used paperback books for $2 each. During the month of April, McDonald Books sold 21,200 books for cash and 7,300 books on credit. McDonald’s cash collections in April included the

$42,400 for the 21,200 books sold for cash, $11,800 for books sold on credit during the previous month, and $8,100 for books sold on credit during April.

REQUIRED:

1. Calculate the amount of revenue for the month of April.

2. For how many book sales did McDonald collect cash during April? l01