A Company's Past Experience Indicates That 70% of Its Credit

question 139

Multiple Choice

A company's past experience indicates that 70% of its credit sales are collected in the month of sale and 28% in the next month.The remainder is never collected.The company's budgeted credit sales totalled: How much are expected cash receipts for February?

• A)$102,200
• B)$88,200
• C)$93,800
• D)$91,000

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