June Sales Were $30,000,while Projected Sales for July and August

question 91

Multiple Choice

June sales were $30,000,while projected sales for July and August were $52,000 and $74,000,respectively.Sales are 60% cash and 40% credit.All credit sales are collected in the month following the sale.Calculate expected collections for July.

• A)$38,800
• B)$43,200
• C)$12,000
• D)$31,200

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Definitions:

CRM System

A Customer Relationship Management system, which is a technology for managing all your company's relationships and interactions with customers and potential customers.

Salesperson Cooperation

The collaboration and teamwork among salespeople within an organization to achieve common sales goals.

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Analytics-Based Application

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