The Dancer Company expects to have sales of R30,000 in January, R33,000 in February, and R38,000 in March.If 20 percent of sales are for cash, 40 percent are credit sales paid in the month following the sale, and 40 percent are credit sales paid 2 months following the sale, what are the cash receipts from sales in March?
A) R55,000
B) R47,400
C) R38,000
D) R32,800
E) R30,000
Correct Answer:
Verified
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