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What are the credit sales for the spring quarter

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Question - A company has projected the following sales for the spring quarter of 2014

April $200,000

May $250,000

June $275,000

65% of all sales are paid for with cash. The remainder is on credit. The pattern for credit receivables collections are:

Month of sale 60%

Month after sale 30%

Second month after sale 10%

What are the credit sales for the spring quarter (all three months)?

$253,750

$190,750

$308,750

$344,750

Reference no: EM132425897

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