Ningbo shipping has projected sales in May,June,and July of $500,$600,and $700,respectively.It makes 20 percent of sales for cash and collects the balance one month following the sale.Ningbo Shipping's total cash receipts in July are
A)$220
B)$200
C)$180
D)none of the above

Question

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The Answer of Ningbo shipping has projected sales in May,June,and July of $500,$600,and $700,respectively.It makes 20 percent of sales for cash and collects the balance one month following the sale.Ningbo Shipping's total cash receipts in July are
A)$220
B)$200
C)$180
D)none of the above

Ningbo Shipping Has Projected Sales in May,June,and July of $500,$600,and