DAVIS HAS TOTAL SALES DATA FOR THE LAST THREE MONTHS:

APRIL 160,000

MAY 180,000

JUNE 170,000

CREDIT SALES REPRESENT 80% OF TOTAL SALES. CREDIT SALES ARE COLLECTED 30% IN THE MONTH OF SALE, 40 PERCENT IN THE FIRST MONTH AFTER SALE AND 28% IN THE SECOND MONTH AFTER SALE. DAVIS ALLOWS A 1% DISCOUNT FOR SALES COLLECTED IN THE MONTH OF SALE (EITHER CASH OR CREDIT). WHAT ARE JUNE CASH COLLECTIONS?

JUNE CASH COLLECTIONS