Answer:
Total cash collections in June = $103270
Explanation:
given data
sales budget
Month Cash Sales Credit Sales
March $ 20,000 $ 14,000
April $ 35,000 $ 16,000
May $ 42,000 $ 40,000
June $ 57,000 $ 53,000
Credit collections = 20%
to find out
total cash collections in June
solution
we get here Total cash collections in June that is express as
Total cash collections = $60,000 + ( $51000 × 0.62 ) + ( $37000 × 0.30 ) +($11000 × 0.05)
solve we get
Total cash collections in June = $103270
