Amerchandising company's sales budget indicates the following sales: january: $30,000; february: $20,000; march: $15,000. the company expects 80% of the sales to be on account. credit sales are collected 30% in the month of the sale and 70% in the month following the sale. the total cash receipts collected during march will be $ .

Hence, The total cash receipts collected during March will be $17,800

Explanation:

The computation of total cash receipts during march month is shown below:

= March cash sale + February credit sale + March credit sale

20% of march sale is cash sale

80% of march sale is credit sale

The credit sale of march month :

February sale = 80% × 70% of February sale

March credit sale = 80% × 30% of march sale

where,

Cash sale = $15,000 × 20 = $3,000

February credit sale = 80% × $20,000 × 70% = $11,200

March credit sale = 80% × $15,000 × 30% = $3,600

Now,

Put the above values in the given question which is equals to

= $3,000 + $11,200 + $3,600

= $17,800

Hence, The total cash receipts collected during March will be $17,800

answer: 11/12

step-by-step explanation: 4 1/4 and 3 1/3 is equivalent to 4 3/12 and 3 4/12. 4 3/12 - 3 4/12 =11/12

turnover

the amount of money taken by a business in a particular period.