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Charra [1.4K]
3 years ago
12

EA14.

Business
1 answer:
nirvana33 [79]3 years ago
4 0

Answer:

$81,950

Explanation:

The computation is shown below:

= August estimated sales × cash sales percentage +  August estimated sales × credit sales percentage × collection percentage + July estimated sales × credit sales percentage × following collection percentage + June estimated sales × credit sales percentage × following second month collection percentage

= $90,000 × 30% + $90,000 × 70% × 65% + $65,000 × 70% × 25% + $75,000 × 70% × 5%

= $27,000 + $40,950 + $11,375 + $2,625

= $81,950

Since 30% represents the cash sales , so the remaining percentage would be 70%

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