Ewing Company Budgeted Sales for January,February,and March of $96,000,$88,000,and $72,000,respectively
Essay
Ewing Company budgeted sales for January,February,and March of $96,000,$88,000,and $72,000,respectively.Seventy percent of sales are on credit.The company collects 60% of its credit sales in the month following sale,and 40% in the second month following sale.What are Ewing's expected cash receipts for March related to its current and past sales?
Correct Answer:
Verified
Correct Answer:
Verified
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