Matterhorn, Inc. had the following sales for the past six months. Matterhorn collects its credit...
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Matterhorn, Inc. had the following sales for the past six months. Matterhorn collects its credit sales 30% in the month of sale, 60% one month after the sale, and 10% two months after the sale. Cash Sales Credit Sales January $50,000 $50,000 February $70,000 $110,000 March $55,000 $95,000 April $78,000 $130,000 May $80,000 $105,000 June $75,000 $148,000 What are Matterhorn's total cash receipts for the month of April? Select one: a. $176,000 Correct b. $98,000 c. $168,000 d. $208,000
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