Question: please provide an explanation on how to get the answer to this questions. 8 Memphis Company anticipates total sales for April, May, and June of

please provide an explanation on how to get the answer to this questions.

8 Memphis Company anticipates total sales for April, May, and June of $830,000, $930,000, and $980,000 respectively. Cash sales are normally 30% of total sales. Of the credit sales, 30% are collected in the same month as the sale, 65% are collected during the first month after the sale, and the remaining 5% are not collected. Compute the amount of cash received from total sales during the month of May. Skipped Multiple Choice O $543,900. O $628,950. O $851,950. O $572,950. O $922,950

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