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alexandr1967 [171]
3 years ago
9

Forty percent of a firm’s sales are collected during the first month after the sale; 35% are collected during the second month f

ollowing the sale; 20% are collected during the third month following the sale; 5% are collected during the fourth month. What cash is collected in July from May’s sales, which totaled $75,000?
$15,000
$3,750
$30,000
$26,250
Business
1 answer:
bekas [8.4K]3 years ago
7 0

Answer:

$26,250

Explanation:

If may sales were $75,000

July collection for may sales will be?

May..... sales month

June... first month after sales

July ... second month fater sales..of which 35 % is collected

July's collection will be 35/100 x 75,000

=0.35 x$75,000

=$26,250

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