1 A company's history indicates, Collections on credit sales are 20% in the month of the sale,...
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Question:
1 A company's history indicates, Collections on credit sales are 20% in the month of the sale, 50% in the next month, and 30% the following month. Projected sales for January, February, and March are $75,000, $92,000 and $60,000, respectively. The February expected cash receipts will be: O 15000 O 14000 52500 55900
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