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What is the estimated amount of cash receipts for may

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Question - Knight Company has found that 30% of its sales are collected in the month of the sale and the remainder of the sales is collected in the next month. If sales are expected to be $100,000 in April, $120,000 in May, and $80,000 in June, what is the estimated amount of cash receipts for May?

A. $114,000

B. $106,000

C. $92,000

D. $108,000

Reference no: EM132984482

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