Sales of SEUNGCHEOL Co. for the first 3 months of 2022 are: January – ₱750,000; February – ₱673,800; March – ₱767,450. Sales collection schedule of the company is 60% on the month of sales, 25% next month after sales, and 15% on the second month after sales. How much is the total cash receipts of SEUNGCHEOL Co. in February? ₱730,310 ₱269,520 ₱591,780 ₱300,000

Sales of SEUNGCHEOL Co. for the first 3 months of 2022 are: January – ₱750,000; February – ₱673,800; March – ₱767,450. Sales collection schedule of the company is 60% on the month of sales, 25% next month after sales, and 15% on the second month after sales. How much is the total cash receipts of SEUNGCHEOL Co. in February? ₱730,310 ₱269,520 ₱591,780 ₱300,000

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 3MC

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