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Sales forecasts for the first half of 2022 are as follows Sales 2022 January February March April May Juno $100 $120 $140 $150 $200 $300
Sales forecasts for the first half of 2022 are as follows Sales 2022 January February March April May Juno $100 $120 $140 $150 $200 $300 Assume that the following cash collection pattern for sales is expected For any given month's sales, 20% of the month's sales are on a cash basis, and 60% of the credit remaining) balance is collected one month following the sales, with the remaining 40% collected two months following the sales The expected (pro forma) total cash receipts from sales at the end of June 2022 a. 5304 b. 5196 C. $60 d. 5204
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