Discussing the problem of the matterhorn inc

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Question: Matterhorn, Inc. had the following sales for the past six months. Matterhorn collects its credit sales 30% in the month of sale, 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              $95,000

April                   $78,000              $130,000

May                   $80,000              $105,000

June                  $75,000              $148,000

Reference no: EM131794251

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