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Projections for the second quarter of 20x7 are provided below: Sales (units) April 3753 May 4835 June 4956 Cash for sales is collected in the
Projections for the second quarter of 20x7 are provided below:
| Sales (units) |
April | 3753 |
May | 4835 |
June | 4956 |
Cash for sales is collected in the following manner: 21.90 % in the month of the sale, 43.93 % in the next month, and 34.17% 2 months following the sale. The selling price is $18.80 per unit. The unit sales in March were 3000. How much cash is collected in May and June?
Select one:
a. $154619
b. $70174
c. $147658
d. $311512
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