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Reference: 20_02
Julia's Candy Co Cash Sales Are Normally 25% of Total Sales and All

question 54

Multiple Choice

Reference: 20_02
Julia's Candy Co. reports the following information from its sales account and sales budget:
 Sales  May $105,000 June 93,000 Expected  July $90,000 Sales:  August 110,000 September 120,000\begin{array}{llr}\text { Sales } & \text { May } & \$ 105,000 \\& \text { June } & 93,000 \\& & \\\text { Expected } & \text { July } & \$ 90,000 \\\text { Sales: } & & \\& \text { August } & 110,000 \\& \text { September } & 120,000\end{array}
Cash sales are normally 25% of total sales and all credit sales are expected to be collected in the month following the date of sale.
-Based on the information from Julia's,the total amount of cash expected to be received from customers in July is:

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Definitions:

Supporting Data

additional information or evidence used to reinforce or substantiate a claim, argument, or conclusion.

Quarterly Report

A financial statement issued by a company every three months, providing a summary of its operational and financial performance.

Technical Data

Information that pertains to the technical aspects of a product, service, or system, including specifications, measurements, and usage instructions.

Decision Makers

Individuals or groups responsible for making choices that will impact the outcomes of a situation or strategy.

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