Use the Information Below to Answer the Following Questions $$\begin{array} { l l } \text { January } & \$ 1,080,000 \\\text { February } & \$ 1,200,000 \\\text { March } & \$ 1,280,000\end{array}$$

question 31

Multiple Choice

Use the information below to answer the following questions.
Sales in December were $960,000. Projected sales for the first quarter of 2015 are:
$$\begin{array} { l l } \text { January } & \$ 1,080,000 \\\text { February } & \$ 1,200,000 \\\text { March } & \$ 1,280,000\end{array}$$ 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.

• A) $256,000.
• B) $960,000.
• C) $2,848,000.
• D) $712,000.

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Non-Random Assignment

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