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128 Memphis Company anticipates total sales for April, May, and June of $810,000, $910,000, and...

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128 Memphis Company anticipates total sales for April, May, and June of $810,000, $910,000, and $960,000 respectively. Cash sales are normally 20% of total sales. Of the credit sales, 35% are collected in the same month as the sale, 60% are collected during the first month after the sale, and the remaining 5% are not collected. Compute the amount of cash received from total sales during the month of June. Skipped Multiple Choice $897,600. $825,600. $611,200. $705,600. $643,600

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