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CTP · Question #852
CTP Question #852: Real Exam Question with Answer & Explanation
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Question
- (Topic 9) Company Sales Figures: 10% of sales collected in the current month of the sale 45% of sales collected in the month after the sale 30% of sales collected two months after the sale 15% of sales collected three months after the sale January Sales $300,000 February Sales $250,000 March Sales $400,000 April Sales $450,000 Based on the information above, what is the estimate for the company's April cash flows?
Options
- A$330,000
- B$345,000
- C$1,055,000
- D$1,070,000
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