QUESTION 50 Memphis Company anticipates total sales for April, May, and June of $800,000, $900,000,...
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QUESTION 50 Memphis Company anticipates total sales for April, May, and June of $800,000, $900,000, and $950,000 respectively Cash sales are are collected in the same month as the sale, 66% are collected during the first month after the sale, and the remaining 5% are not collected. total sales for May 29% of total sales of the credit sales30% the anvount of cash received from $561,500 $652,500 $817,500 $592,500 O $890,000 UESTION 51 :a 6^-ove .ohmi. Click Save All Answers to save an answers
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