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Sales in December were $960,000. Projected sales for the first quarter of 2020 are: ...

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Accounting

Sales in December were $960,000. Projected sales for the first quarter of 2020 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 the total cash sales for the three months, January, February and March.

Select one:

a. $2,848,000

b. $732,000

c. $960,000

d. $256,000

e. none of these

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