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A company reports the following budgeted sales: August, $380,000, and September $420,000. Cash sales are 40% of total sales, and all credit sales are
A company reports the following budgeted sales: August, $380,000, and September $420,000. Cash sales are 40% of total sales, and all credit sales are collected in the month following the sale. Total cash receipts for September are Multiple Choice $228,000 $168,000 $404,000. $396,000 $288.800
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Financial and Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
12th edition
978-1133952428, 1285078578, 1133952429, 978-1285078571
