Mathematics, 13.02.2022 02:10 jordonlewis

Memphis Company anticipates total sales for April, May, and June of $920,000, $1,020,000, and $1,070,000 respectively. Cash sales are normally 30% of total sales. Of the credit sales, 30% are collected in the same month as the sale, 65% are collected during the first month after the sale, and the remaining 5% are not collected. Compute the amount of cash received from credit sales during the month of June.

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Memphis Company anticipates total sales for April, May, and June of $920,000, $1,020,000, and $1,070...

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