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Benton Company's sales budget shows the following expected total sales: Month January February March April Sales $ 24,000 $ 31,000 $ 36,000 $ 41,000 The
Benton Company's sales budget shows the following expected total sales: Month January February March April Sales $ 24,000 $ 31,000 $ 36,000 $ 41,000 The company expects 80% of its sales to be on account (credit sales). Credit sales are collected as follows: 25% in the month of sale and 70% in the month following the sale, with the remainder being uncollectible and written off. The total cash receipts during April would be: 
Benton Company's sales budget shows the following expected total sales: The company expects 80% of its sales to be on account (credit sales). Credit sales are collected as follows: 25% in the month of sale and 70% in the month following the sale, with the remainder being uncollectible and written off. The total cash receipts during April would be: Mutiple Choice $36,560. $27,275. $21,525. $20,200
Benton Company's sales budget shows the following expected total sales: Month January February March April Sales $ 24,000 $ 31,000 $ 36,000 $ 41,000 The company expects 80% of its sales to be on account (credit sales). Credit sales are collected as follows: 25% in the month of sale and 70% in the month following the sale, with the remainder being uncollectible and written off. The total cash receipts during April would be:
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
