A company expects sales of $40,000, $48,000, $51,000, and $52,000 for the months of March through...

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A company expects sales of $40,000, $48,000, $51,000, and $52,000 for the months of March through June, respectively. The company collects 50 percent of sales in the month of sale, 35 percent in the month following the month of sale, and 10 percent in the second month following the month of sale. The remaining 5 percent of sales is never collected. How much money does the company expect to collect in the month of June? 1 $50,150 2 $49,400 3 $48,650 4 $47,900 5 $47,150 A company expects sales of $40,000, $48,000, $51,000, and $52,000 for the months of March through June, respectively. The company collects 50 percent of sales in the month of sale, 35 percent in the month following the month of sale, and 10 percent in the second month following the month of sale. The remaining 5 percent of sales is never collected. How much money does the company expect to collect in the month of June? 1 $50,150 2 $49,400 3 $48,650 4 $47,900 5 $47,150

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