Multiple Choice
If a firm had credit sales of $1,550,000 for March and collected its sales 30% in the month of sale and 70% in the month following the sale, how much of March sales would be collected in cash in March?
A) $1,250,000.
B) $375,000.
C) $875,000.
D) $465,000.
Correct Answer:
Verified
Correct Answer:
Verified
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