question archive A company began its operations on January 1 of 2020
Subject:FinancePrice:3.86 Bought30
A company began its operations on January 1 of 2020. Sales budget for January, February and March are Php 240,000; Php 300,000; and Php 420,00 respectively. This company expects 20% of sales on cash and the remainder on account. Of the sales on account, 70% is expected in the month of sale, the 25% in the month following the sale, and the remainder in the following month.
How much is the company’s total cash collection for the month of March?
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solution 8 points
choice 2 points
Select one:
a. 388,800.00
b. 295,200.00
c. 294,000.00
d. 304,800.00
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