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June sales were $ 2,000 while projected sales for July and August were 8,200 and $6,000, respectively. All credit sales are collected in the month
June sales were $ 2,000 while projected sales for July and August were 8,200
and $6,000, respectively. All credit sales are collected in the month following the sale. Sales are 70%
credit and 30% cash. What are the total expected collections for July?
A.
$6,340
B.
$6,660
C.
$5,660
D.
$ 3 860
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