Hello. So I need help with one question. I already did it but my teacher told me that it was incomplete. She told me this "Add the total cash (30%) to the total for June" so I need help doing what she said

QUESTION:

Earthies Shoes has 30% of its sales in cash and the remainder on credit.

Of the credit sales, 83% is collected in the month of sale,

12% is collected the month after the sale,

and 5% is collected the second month after the sale.

How much cash will be collected in June if sales are estimated as $125,000 in April, $95,000 in May, and $175,000 in June?

ANSWER

Collection of cash of June

Collection of cash from june sales

= $175, 000*70%*83%

= $101, 675

Collection of cash from April sales

=$125, 000*70%*5%

=$4375

Collection of cash from May sales

=$95, 000*70%*12%

=$7, 980

Total collection of cash in June

= $101, 675+$4375+$7980

=$114, 030

THANK YOU