Sales in December were $960,000. Projected sales for the first quarter of next year are:...
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Accounting
Sales in December were $960,000. Projected sales for the first quarter of next year are: January $1,080,000 February $1,300,000 March $1,280,000 Sales are 20% cash and 80% on credit. Debtors pay in the month following the sale. Calculate total cash collected from sales in the month of March. Select one: a. $1,456,000 O b. None of these O c. $256,000 O d. $1,216,000 e. $1,296,000
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