Question
1.ABC Company has sales forecasts of the following: February=$40,000; March=$65000. All sales are on account and are collected as follows: 20% in the current month,
1.ABC Company has sales forecasts of the following: February=$40,000; March=$65000. All sales are on account and are collected as follows: 20% in the current month, 50% in the month following, 25% in the second month following, and 5% uncollectable. If the total cash receipts for March equal $48,250, what is the sales forecast for January?
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Statistical Reasoning for Everyday Life
Authors: Jeff Bennett, Bill Briggs, Mario F. Triola
4th edition
978-0321817624
