Utilize the following information for the following question. The cash sales and credit sales projected for...
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Utilize the following information for the following question. The cash sales and credit sales projected for California Café are as follows: May $ 20,250 $ 30,750 $ 28,600 $ 24,900 $ 25,800 $ 29,500 The California Café is able to collect 60% of their credit sales during the first month, and 4 0 % during the second month. What is the total amount of sales collected in July (credit and cash)? Cash Sales Credit Sales March $ 25,000 April $ 23,250 June $ 21,000 July $ 24,000 Utilize the following information for the following question. The cash sales and credit sales projected for California Café are as follows: May $ 20,250 $ 30,750 $ 28,600 $ 24,900 $ 25,800 $ 29,500 The California Café is able to collect 60% of their credit sales during the first month, and 4 0 % during the second month. What is the total amount of sales collected in July (credit and cash)? Cash Sales Credit Sales March $ 25,000 April $ 23,250 June $ 21,000 July $ 24,000
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Related Book For
Intermediate Financial Management
ISBN: 978-1111530266
11th edition
Authors: Eugene F. Brigham, Phillip R. Daves
Posted Date:
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