Question

​Camellia, a merchandising​ company, has provided the following extracts from their budget for the first quarter...

​Camellia, a merchandising​ company, has provided the following extracts from their budget for the first quarter of the forthcoming​ year:

Jan

Feb

March
Sales

​(2020​%

​cash)

$ 400 comma 000.00$400,000.00

$ 600 comma 000.00$600,000.00

$ 900 comma 000.00$900,000.00

The company collects

6060​%

of credit sales in the same month and the balance in the next month. Calculate the collections from the customers for the month of February.

A.

$ 536 comma 000.00$536,000.00

B.

$ 408 comma 000.00$408,000.00

C.

$ 416 comma 000.00$416,000.00

D.

$ 600 comma 000.00

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