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SalaRitas sales are 32% cash and 68% credit. Of the credit sales, 40% of credit sales are collected in the month of sale, 45% in
SalaRitas sales are 32% cash and 68% credit. Of the credit sales, 40% of credit sales are collected in the month of sale, 45% in the month following the sale, and 15% is collected two months after. Budgeted sales data is as follows: June $200,000 July 120,000 August 150,000 How much is total cash collected during August? A. $145,920 B. $105,120 C. $88,800 D. $144,000
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