question archive Frankie's Chocolate Co

Frankie's Chocolate Co

Subject:AccountingPrice:4.89 Bought3

Frankie's Chocolate Co. reports the following information from its sales budget:

     Expected Sales:July$90,000  August 110,000  September 120,000  

Cash sales are normally 25% of total sales and all credit sales are expected to be collected in the month following the date of sale. The total amount of cash expected to be received from customers in September is:

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4.89 USD


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