Multiple Choice
From the following data calculate the estimated cash received from total sales for the month of June.
Total sales for April,$42 000; May,$54 000; June,$38 000.
Credit sales are normally settled in the pattern: 50% in the month of sale,40% in the first month following the sale,and the balance in the second month following the sale.
A) $44 800
B) $25 800
C) $19 000
D) $40 600
Correct Answer:

Verified
Correct Answer:
Verified
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