Mapleview Inc. has the following budgeted sales:
July $200,000
August $300,0...
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Business, 11.04.2020 05:08 Bluefirex20
Mapleview Inc. has the following budgeted sales:
July $200,000
August $300,000
Sept $250,000
40% of the sales are for cash. 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% for the next month. The total expected cash receipts during September are:
A) $265,000
B) $262,500
C) $250,000
D) $280,000
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Answers: 3
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