ch 10 kb. july sales were $5,000 while projected sales for august and september were $6,500 and $7,000, respectively. sales are 35% cash and 65% credit. all credit sales are collected in the month following the sale. what are the total expected collections for august? group of answer choices some other answer $2,275 $5,525 $3,250 $7,475

Projected sales refer to a company’s estimated future sales for a specified period of time. Companies typically use financial models to predict future sales based on past performance, current market trends, and economic forecasts. Projected sales are important for businesses to plan their budgets and resources. Projected sales can also be used to help businesses set short-term and long-term goals. Additionally, projected sales can help investors determine the potential profitability of an investment.

August cash sales are 35% of the projected sales of $6,500, or $2,275. August credit sales are 65% of the projected sales of $6,500, or $4,250. Since all credit sales are collected in the month following the sale, the total expected collections for August are the sum of the cash and credit sales or $2,275 + $4,250 = $5,525.

It can be concluded that the total expected collections for august is $5,525.

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