Maurice Tutor

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About Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 1 Day Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 13 Oct 2017 My Price 6.00

Ryan Co

Ryan Co. projects the following monthly revenues for next year:

January

$100,000

February

500,000

March

425,000

April

450,000

May

575,000

June

300,000

July

$250,000

August

275,000

September

300,000

October

350,000

November

400,000

December

525,000

Ryan’s terms are net 30 days. The company typically receives payment on 80% of sales the month following the sale, and 17% is collected two months after the sale. Approximately 3% of sales are deemed bad debt. What amount represents the expected cash collection in the second calendar quarter of next year?

  1. $1,450,000
  2. $1,393,750
  3. $1,325,000
  4. $1,234,250

Answers

(5)
Status NEW Posted 13 Oct 2017 01:10 PM My Price 6.00

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