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Use the Information Below to Answer the Following Questions  January $1,080,000 February $1,300,000 March $1,280,000\begin{array} { l l } \text { January } & \$ 1,080,000 \\\text { February } & \$ 1,300,000 \\\text { March } & \$ 1,280,000\end{array}

question 42

Multiple Choice

Use the information below to answer the following questions.
Sales in December were $960,000. Projected sales for the first quarter of 2018 are:  January $1,080,000 February $1,300,000 March $1,280,000\begin{array} { l l } \text { January } & \$ 1,080,000 \\\text { February } & \$ 1,300,000 \\\text { March } & \$ 1,280,000\end{array} Sales are 20% cash and 80% on credit. Debtors pay in the month following the sale.
-Refer to the table above. Calculate the total cash sales for the three months, January, February and March.


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