Multiple Choice
Ningbo shipping has projected sales in May, June, and July of $500, $600, and $700, respectively.It makes 20 percent of sales for cash and collects the balance one month following the sale.Ningbo Shipping's total cash receipts in July are
A) $220620
B) $200520
C) $180680
D) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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