The Lumber Yard Has Projected Sales for April Through July

The Lumber Yard has projected sales for April through July of $152,400, $161,800, $189,700, and $196,400, respectively.The firm collects 52 percent of its sales in the month of sale, 46 percent in the month following the month of sale, and the remainder in the second month following the month of sale.What is the amount of the July collections?

A) $189,819
B) $181,508
C) $122,852
D) $175,500
E) $192,626

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free