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Tammy's Tasty Treats expects sales of $10,000, $15,000, and $40,000 during April, May, and June (big sale in June). To build business, Tammy allows all
Tammy's Tasty Treats expects sales of $10,000, $15,000, and $40,000 during April, May, and June (big sale in June). To build business, Tammy allows all customers buy on credit, and all do so. In the past, 30% of Tammy's sales have been collected during the month of sale, 55% are collected the following month, and 15% the month after that. If this trend continues, what will be Tammy's total cash collections in the month of June
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