From the Following Data Calculate the Estimated Cash Received from Total

question 14

Multiple Choice

From the following data calculate the estimated cash received from total sales for the month of June.
Total sales for April,$42 000; May,$54 000; June,$38 000.
Credit sales are normally settled in the pattern: 50% in the month of sale,40% in the first month following the sale,and the balance in the second month following the sale.

• A) $44 800
• B) $25 800
• C) $19 000
• D) $40 600

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