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All of Thomas Sales are on credit. The credit sales are collected as follows: Percent paid in month of sale 60% Percent paid in first

All of Thomas Sales are on credit. The credit sales are collected as follows:

Percent paid in month of sale 60%

Percent paid in first month after the sale 25%

Percent paid ion second month after sale 15%

The sales for the period under investigation are:

January $400,000

February $700,000

March $800,000

April $1,000,000

May $1,200,000

June $800,000

July $900,000

August $500,000

How much cash will Thomas receive in June for April sales?

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