The management accountant of G$-$Force Merchandising is preparing the cash budget for the third quarter of $2024.$

The following information was extracted from the sales and purchases budget

Accounts receivable are settled according to the following credit pattern, in accordance with the credit terms $3/30,$ n$90.$

$60\%$ in the month of sale

$30\%$ in the first month the sale

$10\%$ in the second month following the sale

What is the total expected cash collections for the month of July?

Question $21$Answer

a$.$

$$606,300$

b$.$

$$618,000$

c$.$

$$629,700$

d$.$

$$771,575$