33 50 ww 36 39 ww 42 45 ME 48 formation Question 50 (Mandatory) (2...
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33 50 ww 36 39 ww 42 សិ 45 ME 48 formation Question 50 (Mandatory) (2 points) Frank's sporting goods projects sales for the second quarter of 2024 to be as follows: April $250,000 May $300,000 June $380,000 All of Frank's sales are on credit, 45% of credit sales are collected one month following the sale and the rest are collected two months following the sale. January sales were $150,000, February sales were $180,000, and March sales were $280,000. Question: What are the total cash receipts at the end of the month of March only? OA) $266,500 B) $163,500 C) $225,000 D) $272,500 33 50 ww 36 39 ww 42 សិ 45 ME 48 formation Question 50 (Mandatory) (2 points) Frank's sporting goods projects sales for the second quarter of 2024 to be as follows: April $250,000 May $300,000 June $380,000 All of Frank's sales are on credit, 45% of credit sales are collected one month following the sale and the rest are collected two months following the sale. January sales were $150,000, February sales were $180,000, and March sales were $280,000. Question: What are the total cash receipts at the end of the month of March only? OA) $266,500 B) $163,500 C) $225,000 D) $272,500
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Related Book For
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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