Haverti Auto Mart has budgeted the following amounts for auto part sales in 2014: An analysis of past patterns of receipts shows that 60% of the sales dollars are received in the month of the sale and 40% are received in the following month. Assuming this pattern continues, how much cash does Haverti expect to receive during May?
A) $85,600
B) $97,600
C) $91,600
D) $79,400
Correct Answer:
Verified
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