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The XYZ Corp. has projected sales for April through July of $162,500, $160,900, $250,700, and $198,400, respectively. The firm collects 55 percent of its sales
The XYZ Corp. has projected sales for April through July of $162,500, $160,900, $250,700, and $198,400, respectively. The firm collects 55 percent of its sales in the month of sale, 43 percent in the month following the month of sale, and the remainder in the second month following the month of sale. What is the amount of the June collections?
$189,610
$220,139
$199,546
$210,322
$207,072
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