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Memphis Company anticipates total sales for April, May, and June of $990,000,$1,090,000, and $1,140,000 respectively....

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Accounting

image Memphis Company anticipates total sales for April, May, and June of $990,000,$1,090,000, and $1,140,000 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 credit sales during the month of June. $740,800. $842,400. $998,400. $780,400. $1,070,400

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