Business, 05.05.2020 04:12, dbzrules02
Ruiz Co.’s budget includes the following credit sales for the current year: September, $165,000; October, $156,000; November, $140,000; December, $177,000. Credit sales are collected as follows: 15% in the month of sale, 55% in the first month after sale, and 30% in the second month after sale. How much cash can the company expect to collect in December as a result of current and past credit sales?
Answers: 3
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Ruiz Co.’s budget includes the following credit sales for the current year: September, $165,000; Oct...
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