The following information pertains to sales of XYZ Company: Collections of sales are generally 20% in...

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The following information pertains to sales of XYZ Company: Collections of sales are generally 20% in cash and 80% in credit.

business accounting

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Answer 1

Answer #1

Correct answer----------(D) $5,040

Working

60% of December credit sales (10500 x 80% x 60%)

$ 5,040.00

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Answer 2

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