Question
What is the level of cash collections from sales for the firm this month if: - Sales last month and the month before last were
What is the level of cash collections from sales for the firm this month if: - Sales last month and the month before last were $17,000 and $20,000, respectively - Sales this month were $22,000 - Credit sales account for 65% of all sales - The firm gives 30-day terms to 70% of its customers, while the other 30% have 60 days
| a. | $18,834 | |
| b. | $19,335 | |
| c. | $12,975 | |
| d. | $26,813 |
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Introduction To Estimating Economic Models
Authors: Atsushi Maki
1st Edition
0415589878, 978-0415589871
