Three Sisters Catering Prepared the Following Sales Budget Credit Collections Are 35% in the Month of Sale,55% in |
Three Sisters Catering prepared the following sales budget: Credit collections are 35% in the month of sale,55% in the month following the sale,and 10% two months following the sale.The remaining 5% is expected to be uncollectible.
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What are the total cash collections in May?
A) $66,200
B) $21,800
C) $63,800
D) $76,400
Correct Answer:
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