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How much is total cash collected during August

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Reference no: EM132786008

Question - SalaRita's sales are 32% cash and 68% credit. Of the credit sales, 40% of credit sales are collected in the month of sale, 45% in the month following the sale, and 15% is collected two months after. Budgeted sales data is as follows:

June $200,000

July 120,000

August 150,000

Required - How much is total cash collected during August?

a. $145,920

b. $88,800

c. $144,000

d. $105,120

Reference no: EM132786008

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