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What would be the total cash receipts in may

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Question 1: Arizona Inc. has projected sales: February, P10,000; March, P9,000; April P8,000; May, P10,000; and June, P 11,000. Arizona has 30% cash sales and 70% sales on account. Accounts are collected 40% in the month following the sale and 55% collected the second month. What would be the total cash receipts in May?

Reference no: EM132608431

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