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Memphis Company anticipates total sales for April, May, and June of $800,000,$900,000, and $950,000 respectively. Cash sales are normally 25% of total sales. Or the

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Memphis Company anticipates total sales for April, May, and June of $800,000,$900,000, and $950,000 respectively. Cash sales are normally 25% of total sales. Or the credit sales, 30% are collected in the same month as the sale, 65% are collected during the first month after the sale, and the remaining 5% are not collected. Compute the amount of cash received from total sales during the month of June. Mutiple Choice $890000 5592,500 5652,500 $561,500

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