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TB MC Qu. 22-142 Memphis Company anticipates total... Memphis Company anticipates total sales for April, May, and June of $800,000, $900,000, and $950,000 respectively. Cash
TB MC Qu. 22-142 Memphis Company anticipates total... Memphis Company anticipates total sales for April, May, and June of $800,000, $900,000, and $950,000 respectively. Cash sales are normally 25% of total sales. Of the credit sales, 30% are collected in the same month as the sale, 65% are collected during the first month after the sale, and the remaining 5% are not collected. Compute the amount cash received from total sales during the month of June. Multiple Choice O O O $561,500. $652,500. $817,500. $592,500. $890.000
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