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Aphis Company anticipates total sales for April, May, and June of $900,000, $980,000, and $1,000,000 respectively. Cash sales are normally 25% of total sales. Of

Aphis Company anticipates total sales for April, May, and June of $900,000, $980,000, and $1,000,000 respectively. Cash sales are normally 25% of total sales. Of the credit sales, 35% are collected in the same month as the sale, 60% are collected during the first month after the sale, and the remaining 5% are not collected. Compute the amount of cash received from credit sales during the month of May. $883,000. $735,000. $592,500. $662,250. $540,000

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