Camellia, a merchandising company, has provided the following extracts from their budget for the first...
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Camellia, a merchandising company, has provided the following extracts from their budget for the first quarter of the forthcoming year: Feb Sales (25% cash) $600,000 The company collects 70% of credit sales in the same month and the balance in the next month. Calculate the collections from the customers for the month of February. OA. $465,000 OB. $427,500 OC. $577,500 O D. $600,000 Jan $500,000 March $800,000 ***
Camelia, a merchandising company, has provided the following extracts from their budget for the first quarter of the forthcoming year: \begin{tabular}{cccc} & Jan & Fab & March \\ Sales (25% cash ) & $500,000 & $600,000 & $600,000 \end{tabular} The company collects 70% of credit sales in the same month and the balance in the next month. Calculate the collections from the customers for the month of February. A. $465,000 B. $427,500 c. $577,500 D. $800,000
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