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Lees Appliances forecasts the following sales figures for the next four months. April May June July $250,000 $150,000 $225,000 $150,000 Cash sales average 10% of

Lees Appliances forecasts the following sales figures for the next four months.

April

May

June

July

$250,000

$150,000

$225,000

$150,000

Cash sales average 10% of total sales and credit sales are collected 50% in the month of sale and 50% in the month following sale. What are the estimated cash collections in June?

a.

$191,250

b.

$207,500

c.

$195,000

d.

$150,000

e.

some other figure not listed here

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