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3 years ago

Plato Industries' projected sales for the first six months of 2012 are given below:

Business

2 answers:

sveticcg [70]3 years ago

6 0

Answer:

help

Explanation:

Rashid [163]3 years ago

3 0

Answer:

The answer is C. $302,000.

Explanation:

We have the given information that:

+ Cash's receipt is only from sales and;

+ 20% of sales are collected in cash at time of sale, 50% are collected in the month following the sale, and the remaining 30% are collected in the second month following the sale.

=> Cash receipt in April 2012 = 20% * Sales of April 2012 + 50% * Sales of Mar 2012 + 30% * Sales of Feb 2012 = 20% * 300,000 + 50% * 280,000 + 30% * 340,000 = $302,000

=> So, the right choice is C. $302,000

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Plato​ Industries' projected sales for the first six months of 2012 are given​ below:

Plato Industries' projected sales for the first six months of 2012 are given below: