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6 October, 21:30

The California Café cash and credit sales are listed above. The Café is able to collect 40% of its credit sales during the first month (after the sale), and 60% during the second month (after the sale). Use the information below to answer the question. Credit Sales Cash Sales March $ 25,000 $ 30,750 April $23,250 $ 28,600 May $ 20,250 $ 24,900 June $ 21,000 $ 25,800 July $ 24,000 $ 29,500 What is the total amount of cash collected in July (1. e. from both cash and credit sales combined) ? $20.550 541.650 550.050

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  1. 6 October, 22:42
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    Total Collection 52,840

    Explanation:

    Collected Cash from July

    Cash sales for July 29,500

    40% of Credit sales of June

    40% of 21,000 8,400

    60% of Credit sales for May

    60% of 24,900 14,940

    Total Collection 52,840

    w e add the july credit sales

    plus the portion of june sales

    and the portion of may sales.
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