Harrti Corporation has budgeted for the following sales: Credit Total Sales Sales February March April $15,000...
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Harrti Corporation has budgeted for the following sales: Credit Total Sales Sales February March April $15,000 $12,000 $20,000 $10,000 $25,000 $20,000 Credit Sales are collected as follows: 40% in the month of sale and 60% in the month following the sale. When will the Total Sales for April be collected? $5,000 in cash sales will be collected in April; $8,000 in credit sales will be collected in April; and $12,000 in credit sales will be collected in May. O $5,000 in cash sales will be collected in April; $12,000 in credit sales will be collected in April; and $8,000 in credit sales will be collected in May. O $5,000 in cash sales will be collected in April; $8,000 in credit sales will be collected in May; and $12,000 in credit sales will be collected in June. $10,000 in cash sales will be collected in March; $4,000 in credit sales will be collected in April; and $6,000 in credit sales will be collected in May. Harrti Corporation has budgeted for the following sales: Credit Total Sales Sales February March April $15,000 $12,000 $20,000 $10,000 $25,000 $20,000 Credit Sales are collected as follows: 40% in the month of sale and 60% in the month following the sale. When will the Total Sales for April be collected? $5,000 in cash sales will be collected in April; $8,000 in credit sales will be collected in April; and $12,000 in credit sales will be collected in May. O $5,000 in cash sales will be collected in April; $12,000 in credit sales will be collected in April; and $8,000 in credit sales will be collected in May. O $5,000 in cash sales will be collected in April; $8,000 in credit sales will be collected in May; and $12,000 in credit sales will be collected in June. $10,000 in cash sales will be collected in March; $4,000 in credit sales will be collected in April; and $6,000 in credit sales will be collected in May.
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