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Easy Company has the following budgeted sales for the next 5 months: April $1,500 May 2,000 June 2,500 July 3,200 August 4,000 Cash sales are
Easy Company has the following budgeted sales for the next 5 months:
April | $1,500 |
May | 2,000 |
June | 2,500 |
July | 3,200 |
August | 4,000 |
Cash sales are 20% of total sales. Credit sales are collected as follows: 40% in the month of sale, and 60% in the month following the sale.The total amount of cash expected to be collected from customers in June is
_________________.
Group of answer choices
$2,260
$3,420
$2,836
$2,700
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