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Questions 3 to 6 are based on the following information: allows payment of 50 percent in the same month in which the sales occur, 30
Questions 3 to 6 are based on the following information: allows payment of 50 percent in the same month in which the sales occur, 30 percent is to be paid one month after purchase and the balance is to be paid two months after purchase. The company is also expected to receive other cash inflows amounting to RM17,895 at the end of the year. Other expenses are 10 percent based on the current monthly sales. 3. Compute the total cash receipts for the first month of the quarter. A. RM377,405 B. RM392,000 C. RM395,300 D. RM439,595
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