Andrew Company sold goods to customers in 2017 at selling price of $1,800,000. 60% of...
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Accounting
Andrew Company sold goods to customers in 2017 at selling price of $1,800,000. 60% of the customers paid on account, and from these, the company collected 80% of amounts owing during 2017. How much cash was collected from customers in 2017?
a)$1,080,000
b)$1,584,000
c)None of the other answers is correct.
d)$864,000
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