Question
?Zale, Inc. has provided the following extracts from their budget for the first quarter of the forthcoming? year: Jan Feb March Sales ?(25?% ?cash) $550,000
?Zale, Inc. has provided the following extracts from their budget for the first quarter of the forthcoming? year:
| Jan | Feb | March | |
| Sales ?(25?% ?cash) | $550,000 | $600,000 | $900,000 |
The company collects 70?% of credit sales in the same month and the balance in the next month. Calculate the collections from the customers for the month of February.
A.$438,750
B.$465,000
C.$600,000
D.$588,750
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Software Quality Assurance A Guide For Developers And Auditors
Authors: Howard T. Garst Smith
1st Edition
1574910493, 978-1574910490
