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What are matterhorns total cash receipts for the month

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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

What are Matterhorn's total cash receipts for the month of April?

a. $168,000

b. $208,000

c. $98,000

d. $176,000

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In this assignment cost has calculated for different months on the basis of information given.

Reference no: EM13890158

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