Business
Business, 06.06.2020 17:59, yay47

The company expects 80% of its sales to be on account (credit sales). Credit sales are collected as follows: 25% in the month of sale, 72% in the month following the sale with the remainder being uncollectible and written off. The total cash receipts during April would be: A) $16,000. B) $28,160. C) $24,640. D) $36,160.

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The company expects 80% of its sales to be on account (credit sales). Credit sales are collected as...

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