Sales in December were $960,000. Projected sales for the first quarter of 2009 are: January $1,080,000

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Sales in December were $960,000. Projected sales for the first quarter of 2009 are:

January $1,080,000

February $1,200,000

March $1,280,000

Sales are 20% cash and 80% on credit. Debtors pay in the month following the sale.

Calculate the total cash sales for the three months, January, February and March.

Related Book For answer-question

Macroeconomics

ISBN: 978-1319120054

3rd Canadian edition

Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson

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Posted Date: Jan 17, 2024 03:43 AM

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Sales in December were $960,000. Projected sales for the first quarter of 2009 are: January $1,080,000

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SOLUTION To calculate the total cash sales for the three months we need to first calculate the sales ... View the full answer

Macroeconomics

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