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Help Save & Exit MC Qu. 7-29 Benton Company's sales budget shows... Benton Company's sales budget shows the following expected total sales: Month January February
Help Save & Exit MC Qu. 7-29 Benton Company's sales budget shows... Benton Company's sales budget shows the following expected total sales: Month January February March April Sales $24,000 $28,000 $33,000 $42,000 The company expects 70% of its sales to be on account credit sales). Credit sales are collected as follows: 25% in the month of sale, 68% in the month following the sale with the remainder being uncollectible and written off. The total cash receipts during April would be: Multiple Choice The company expects 70% of its sales to be on account (credit sales). Credit sales are collected as follows: 25% in the month of sale, 68% in the month following the sale with the remainder being uncollectible and written off. The total cash receipts during April would be: Multiple Choice $26,065 $22,050 23 $35,658 $21,200
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