Hoover Company Expects June Sales to Be $30,000

Multiple Choice

Hoover Company expects June sales to be $30,000.Of these sales,credit sales are expected to be $12,000.Collection of credit sales are 50% in the month of sale,40% in the month following sale and 5% two months following sale.The remaining 5% is uncollectible.________ is the expected cash collection in June from June sales.

A) $9,200
B) $14,000
C) $17,200
D) $24,000