Question:A firm receives cash for 30% of its sales with the remaining 70% being credit sales. Of the credit sales, 20% are collected in the month of the sale, 60% in the month following the sale, and 20% in the second month following the sale. The anticipated sales for January through April are $400,000, $500,000, $600,000, and $400,000 respectively. What will be the cash receipts in the month of April? 

A $120,000 
B $400,000 
C $498,000 
D $530,000 

+ Answer
C 

+ Explanation
answer not sure

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Md. Habib Ullah

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