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Freightcan Holders Has Provided the Following Extracts from Their Budget

Question 76

Multiple Choice

Freightcan Holders has provided the following extracts from their budget for the first quarter of the forthcoming year: Freightcan Holders has provided the following extracts from their budget for the first quarter of the forthcoming year: The company collects 60% of credit sales in the same month and the balance in the next month. Calculate the collections from the customers for the month of February. A) $ 580,000 B) $720,000 C) $680,000 D) $490,000 The company collects 60% of credit sales in the same month and the balance in the next month. Calculate the collections from the customers for the month of February.


A) $ 580,000
B) $720,000
C) $680,000
D) $490,000

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