The Rodel Company begins operations in April. It has budgeted the following monthly Sales: April...
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The Rodel Company begins operations in April. It has budgeted the following monthly Sales: April May June July August $30,000 $40,000 $50,000 $60,000 $38,000 Rodel expects that 10% of each month's sales to be cash sales. The remaining sales are credit sales that are expected to be collected according to the following schedule: 70% of credit sales are collected in the month following the sale 20% of credit sales are collected the second month following the sale 5of credit sales are collected in the third month following the sales the remaining credit sales are expected to be uncollectible What is the amount of cash to be collected in the month of June? (Round to the nearest $1.00)
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