Answer:
sales revenue for May 935,000
sales collection for May 760,250
Explanation:
<u>May sales collected on May:</u>
3,400 cookware x $ 275 = 935,000 sales revenue
from which, 25% are cash sales: 233,750
<u>April sales collected on May:</u>
2,700 cookware x $ 260 = 702,000 sales revenue
from which, 75% on account: 526,500
Total May sales collection: 233,750 + 526,500 = 760,250