Jerry4891
Jerry4891
07.05.2021 • 
Business

A company's history indicates that 20% of its sales are for cash and the rest are on credit. Collections on credit sales are 20% in the month of the sale, 60% in the next month, and 15% the following month. Projected sales for January, February, and March are $66,000, $91,000 and $101,000, respectively. The March expected cash receipts from current and prior credit sales is: Multiple Choice $67,760 $115,200 $84,700 $72,810 $62,710

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