Black Horse Transportation’s sales budget for the first quarter follows:
January $125,00...
Business, 21.04.2020 19:03 sciencefanfae7248
Black Horse Transportation’s sales budget for the first quarter follows:
January $125,000
February 300,000
March 290,000
All sales are on account (credit) with 50% collected in the month of sale, 30% collected in the following month after sale, and 20% collected in the second month after sale. There are no uncollectable accounts.
The March cash receipts are:
A. $102,500
B. $260,000
C. $250,500
D. $172,500
Answers: 1
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