Murray electronics sales in May were 2,000 units @ $52 and 2,100 @ $54 in...
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Accounting
Murray electronics sales in May were 2,000 units @ $52 and 2,100 @ $54 in June. Sales projections are as follows:
July an increase of 2% from June Sales (the sale price will be the same as June)
August 2,200 units @$54
September an increase of 2% from August Sales (the sale price will be the same as August)
Accounts Receivable Policy
40% of sales are cash sales and the remaining 60% are credit sales.
80% of credit sales are collected in 1 month and the remaining 20% in 2 months
CALCULATE TOTAL CASH RECEIPTS FOR SEPTEMBER
PRESENT YOUR ANSWER ROUNDED TO ZERO DECIMAL PLACES
DON'T USE COMMA SEPARATORS
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