Takai Corporation has a sales price of $20 per unit.Unit sales information is presented below: Management estimates that 4% of credit sales (in dollars) are uncollectible.Of the remaining credit sales,60 percent are collected in the month of sale and the remainder in the following month.What are Takai's estimated cash collections and sales revenue for January?

Question

Takai Corporation has a sales price of $20 per unit.Unit sales information is presented below:

Management estimates that 4% of credit sales (in dollars) are uncollectible.Of the remaining credit sales,60 percent are collected in the month of sale and the remainder in the following month.What are Takai's estimated cash collections and sales revenue for January?
Takai Corporation has a sales price of $20 per unit.Unit sales information is presented below: Management estimates that 4% of credit sales (in dollars) are uncollectible.Of the remaining credit sales,60 percent are collected in the month of sale and the remainder in the following month.What are Takai's estimated cash collections and sales revenue for January? A) B) C) D)

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The Answer of Takai Corporation has a sales price of $20 per unit.Unit sales information is presented below:  Management estimates that 4% of credit sales (in dollars)are uncollectible.Of the remaining credit sales,60 percent are collected in the month of sale and the remainder in the following month.What are Takai's estimated cash collections and sales revenue for January?

Takai Corporation Has a Sales Price of $20 Per Unit