Use the information below to answer the following questions.
Sales in December were $960,000. Projected sales for the first quarter of 2015 are:
Sales are 20% cash and 80% on credit. Debtors pay in the month following the sale.
-Refer to the table above.Calculate the total cash sales for the three months,January,February and March.
A) $256,000.
B) $960,000.
C) $2,848,000.
D) $712,000.
Correct Answer:
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