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All of Pocast Corporation's Sales Are on Account

Question 71

Multiple Choice

All of Pocast Corporation's sales are on account. Sixty percent of the credit sales are collected in the month of sale, 30% in the month following sale, and 10% in the second month following sale. The following are budgeted sales data for the company: All of Pocast Corporation's sales are on account. Sixty percent of the credit sales are collected in the month of sale, 30% in the month following sale, and 10% in the second month following sale. The following are budgeted sales data for the company: Cash receipts in April are expected to be: A) $530,000 B) $360,000 C) $460,000 D) $410,000 Cash receipts in April are expected to be:


A) $530,000
B) $360,000
C) $460,000
D) $410,000

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