Use the information below to answer the following questions.
Sales in December were $960,000. Projected sales for the first quarter of 2015 are: Sales are 20% cash and 80% on credit. Debtors pay in the month following the sale.
-Refer to the table above. Calculate total cash collected from sales for the month of March.

Question

Use the information below to answer the following questions.
Sales in December were $960,000. Projected sales for the first quarter of 2015 are:  Sales are 20% cash and 80% on credit. Debtors pay in the month following the sale.
-Refer to the table above. Calculate total cash collected from sales for the month of March.

Quizplus · Accepted Answer

Without the specific table data, I can't calculate the exact amount. However, the correct answer is typically derived by adding the cash sales for the month to any collections from credit sales in previous months, considering any given discounts or allowances.

Use the Information Below to Answer the Following Questions