Question
25) Clippers Chocolate Co. reports the following information from its sales budget: Expected Sales: January.. $190,000 February.. $180,000 March... $60,000 Cash sales are normally 75%
25) Clippers Chocolate Co. reports the following information from its sales budget:
| Expected Sales: | January.. | $190,000 |
|
| February.. | $180,000 |
|
| March... | $60,000 |
Cash sales are normally 75% of total sales and all credit sales are expected to be collected in the month following the month of sale. The total amount of cash expected to be received from customers in March is:
25) Clippers Chocolate Co. reports the following information from its sales budget:
| Expected Sales: | January.. | $190,000 |
|
| February.. | $180,000 |
|
| March... | $60,000 |
Cash sales are normally 75% of total sales and all credit sales are expected to be collected in the month following the month of sale. The total amount of cash expected to be received from customers in March is:
$60,000
$135,000
$180,000
$90,000
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