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stranahan stranahan
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7 years ago
The sales for May, June, and July are $50,000, $80,000 and $120,000, respectively. For any particular month of sales, the following percentages are received over time in cash: 40% in cash from that same month of sales; 50% in cash from the previous month's sales; and, 10% in cash from the sales from two months ago. What amount of cash will be received during July?
A) $108,000
B) $93,000
C) $97,500
D) $120,000
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
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flappunctualflappunctual
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7 years ago
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stranahan Author
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#2
7 years ago
Thank you very much for this. It's really helpful.
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