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Lee's Appliance forecasts the following sales figures for the next four months. April May June July $ 250,000$ 150,000$ 225,000$ 150,000 8) Cash sales average
Lee's Appliance forecasts the following sales figures for the next four months.
AprilMayJuneJuly
$ 250,000$ 150,000$ 225,000$ 150,000
8) Cash sales average 10% of the total sales and credit sales are collected 50% in the month of sale and 50% in the month following sale.The estimated cash collections in May are:
A.$ 215,000.
B.$ 207,500.
C.$ 195,000.
D.$ 150,000.
E.$ 82,500.
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