Question
Sales in December were $960,000. Projected sales for the first quarter of 2020 are: January $1,080,000 February $1,300,000 March $1,280,000 Sales are 20% cash and
Sales in December were $960,000. Projected sales for the first quarter of 2020 are:
| January | $1,080,000 |
| February | $1,300,000 |
| March | $1,280,000 |
Sales are 20% cash and 80% on credit. Debtors pay in the month following the sale.
Calculate the total cash sales for the three months, January, February and March.
Select one:
a. $2,848,000
b. $732,000
c. $960,000
d. $256,000
e. none of these
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M Glichkeiten Und Grenzen Der F Rderung Verantwortlichen Handelns Von Wirtschaftspr Fern In Moralisch Relevanten Situationen Eine Theoretische Und And Accounting Studies
Authors: Catharina Schmiele
2012 Edition
383493335X, 978-3834933355
