What are matterhorns total cash receipts for the month

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Reference no: EM13927760

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 Sale 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 March?

A) $99,500

B) $119,000

C) $150,000

D) $154,500

Reference no: EM13927760

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