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Business, 12.04.2021 19:20 krocker58

A company's history indicates that 30% of its sales are for cash and the rest are on credit. Collections on credit sales are 30% in the month of the sale, 40% in the next month, and 25% the following month. Projected sales for January, February, and March are $62,000, $87,000 and $97,000, respectively. The March expected cash receipts from current and prior credit sales is:

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A company's history indicates that 30% of its sales are for cash and the rest are on credit. Collect...
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