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Projections for the second quarter of 20x7 are provided below: Cash for sales is collected in the following manner: 18.81 % in the month of
Projections for the second quarter of 20x7 are provided below: Cash for sales is collected in the following manner: 18.81 % in the month of the sale, 39.95 % in the next month, and 41.24% 2 months following the sale. The selling price is $22.47 per unit. The unit sales in March were 3,000. How much cash is collected in May and June? Select one: $186250.15 $83207.70 $318297.00 $186250.15
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