Del Carpio, Inc. sells two products, Widgets and Gadgets. The sales forecast in units for the first

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Del Carpio, Inc. sells two products, Widgets and Gadgets. The sales forecast in units for the first quarter of the coming year is:

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Cash sales are 30% of each product's monthly sales. The remaining sales are credit sales which are collected as follows: 70% in the month of sale, 20% the next month, and 10% in the following month. Unit sale prices are $30 and $20 for Widgets and Gadgets, respectively.Determine the company's cash receipts for March from its current and past sales.
Sales in dollars per month:
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Cost Accounting

ISBN: 9780434908301

1st Edition

Authors: Mark Lee Inman

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