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Projections for the second quarter of 20x7 are provided below: June Month Sales (units) April 3,500 May 4,800 4.900 Cash for sales is collected in
Projections for the second quarter of 20x7 are provided below: June Month Sales (units) April 3,500 May 4,800 4.900 Cash for sales is collected in the following manner: 19% in the month of the sale. 47% in the next month, and the remainder 2 months following the sale. The selling price is $19 per unit. The unit sales in March were 3,000. How much cash is collected in May and June
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