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1 Memphis Company anticipates total sales for April, May, and June of $1,000,000 $100,000, and $150.000 respectively. Cash sales are normally 25% of total sales
1 Memphis Company anticipates total sales for April, May, and June of $1,000,000 $100,000, and $150.000 respectively. Cash sales are normally 25% of total sales of the credit sales, 10% are collected in the same month as the sale, 55% are collected during the first month after the sale, and the remaining 5% are not collected. Compute the amount of cash received from credit sales during the month of June 0154 Multiple Choice 300 5705.000 57975 SL1500 w 110H Next > 10 sec o - e 41 Mostly de 5705,000 5798,750 51,017,500 SM2.600 SO
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