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Author Question: London Manufacturing Company expects the following sales in January, February, and March:Cash ... (Read 52 times)

lauraleepop

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on: Feb 5, 2023
London Manufacturing Company expects the following sales in January, February, and March:

​Cash SalesCredit Sales
January$60,000$270,000
February$50,000$240,000
March$75,000$355,000

The controller has determined that the company collects credit sales as follows: 60% in the month of sale, 30% in the first month after sale, 5% in the second month after sale, and 5% is expected to be uncollectible. How much cash will be collected from customers in March?
◦ $373,500
◦ $410,000
◦ $376,500
◦ $291,500
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by lauraleepop on Feb 5, 2023

Sophia0717

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lauraleepop

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Reply 2 on: Feb 5, 2023
Thanks for the timely response, appreciate it

Sarahjh

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Reply 3 on: Yesterday
Excellent

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