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Two Brothers Moving Prepared the Following Sales Budget: Credit

Question 114

Multiple Choice

Two Brothers Moving prepared the following sales budget: Two Brothers Moving prepared the following sales budget:   Credit collections are 62% in the month of sale, 30% in the month following the sale, and 5% two months following the sale. The remaining 3% is expected to be uncollectible. What is the total cash received in April to account for the April sales at Two Brothers Moving? A) $43,440 B) $7440 C) $39,720 D) $3720 Credit collections are 62% in the month of sale, 30% in the month following the sale, and 5% two months following the sale. The remaining 3% is expected to be uncollectible.
What is the total cash received in April to account for the April sales at Two Brothers Moving?


A) $43,440
B) $7440
C) $39,720
D) $3720

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