Multiple Choice
Schoof Inc.expects to have sales of $30,000 in January,$35,000 in February,and $40,000 in March.If 20% of sales are for cash,40% are credit sales paid in the month following the sale,and another 40% are credit sales paid 2 months following the sale,what are the cash receipts for the firm in March?
A) $29,151
B) $30,685
C) $32,300
D) $34,000
Correct Answer:
Verified
Correct Answer:
Verified
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