Multiple Choice
Miller Metalworks had sales in November of $60,000, in December of $40,000, and in January of $80,000. Miller collects 40% of sales in the month of the sale and 60% one month after the sale. Calculate Miller's cash receipts for January.
A) $44,000
B) $56,000
C) $64,000
D) $72,000
Correct Answer:
Verified
Correct Answer:
Verified
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