Spurs soccer forecasts the following sales figures for the next four months. ...
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Accounting
Spurs soccer forecasts the following sales figures for the next four months.
April
May
June
July
$250 000
$150 000
$225 000
$150 000
Cash sales average 10 per cent of total sales and credit sales are collected 50 per cent in the month of sale and 50 per cent in the month following sale. What are the estimated cash collections in May?
Select one:
$207 500
$150 000
$203 800
$195 000
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