Miller Metalworks Had Sales in November of $60,000, in December

question 9

Multiple Choice

Miller Metalworks had sales in November of $60,000, in December of $40,000, and in January of $80,000. Miller collects 40% of sales in the month of the sale and 60% one month after the sale. Calculate Miller's cash receipts for January.

• A) $44,000
• B) $56,000
• C) $64,000
• D) $72,000

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