Felon company expects a total of 20000 sales in june of

Reference no: EM13610219

Felon Company expects a total of $20,000 sales in June. Of these, credit sales are expected to be $12,000. Collections are 50% in the month of sale, 40% in the month following the sale, and 5% two months following the sale. The remaining 5% is expected to be uncollectible. What is the estimated cash collection in June from June sales?

Reference no: EM13610219

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