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)$220620
B)$200520
C)$180680
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)$220620
B)$200520
C)$180680
D)none of the above

Ningbo Shipping Has Projected Sales in May, June, and July