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spin
2 months ago
9

Matterhorn, Inc. had the following sales for the past six months. Matterhorn collects its credit sales​ 30% in the month of​ sal

e, 60% one month after the​ sale, and​ 10% two months after the sale. Cash Sales Credit Sales January ​$50,000 ​ $50,000 February ​$70,000 ​$110,000 March ​$55,000 ​ $95,000April ​$78,000 ​$130,000 May ​$80,000 ​$105,000 June ​$75,000 ​$148,0001. What are Matterhorn's total cash receipts for the month of March?
Business
1 answer:
harina [3.8K]2 months ago
4 0
The total cash receipts for March amount to $154,500. This is calculated by combining cash sales of $55,000 with the credit sales collected during this period, leading to overall receipts.
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