Make Some Noise Enterprises sells musical instruments. Projected sales are $890,000 in October, $950,000 in November, $1,025,000 in December, and $920,000 in January. Noise's sales are 25% cash and 75% credit.
Noise's collection history indicates that credit sales are collected as follows:
25% in the month of sale
65% in the month after the sale
8% two months after the sale
2% never collected
The total expected cash collections in January are
A. $729,187.50
B. $959,187.50
C. $708,712.50
D. $964,962.50
E. $901,600.00
Answers: 3
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Make Some Noise Enterprises sells musical instruments. Projected sales are $890,000 in October, $950...
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