Multiple Choice
Astor Manufacturing has the following budgeted sales: January $120000 February $180000 and March $150000. 40% of the sales are for cash and 60% are on credit. For the credit sales 50% are collected in the month of sale and 50% the next month. The total expected cash receipts during March are:
A) $168000.
B) $159000.
C) $157500.
D) $150000.
Correct Answer:
Verified
Correct Answer:
Verified
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