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Murray electronics sales in May were 2,000 units @ $52 and 2,100 @ $54 in June. Sales projections are as follows: July an increase of
Murray electronics sales in May were 2,000 units @ $52 and 2,100 @ $54 in June. Sales projections are as follows: July an increase of 2% from June Sales (the sale price will be the same as June) August 2,200 units @$54 September an increase of 2% from August Sales (the sale price will be the same as August) Accounts Receivable Policy 40% of sales are cash sales and the remaining 60% are credit sales. 80% of credit sales are collected in 1 month and the remaining 20% in 2 months CALCULATE TOTAL CASH RECEIPTS FOR AUGUST PRESENT YOUR ANSWER ROUNDED TO ZERO DECIMAL PLACES DON'T USE COMMA SEPARATORS Numeric Response
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