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3 Help Save & Exit Submit Check my work 3 points Skipped eBook Sales on account for the first two months of the current year
3 Help Save & Exit Submit Check my work 3 points Skipped eBook Sales on account for the first two months of the current year are budgeted as follows January February $ 546,000 520,000 All sales are made on terms of 2/10, n/30 (2 percent discount if paid in 10 days, full amount by 30 days); collections on accounts receivable are typically made as follows Print Collections within the month of sale: References Within discount period After discount period Collections within the month following sale: Within discount period After discount period Returns, allowances, and uncollectibles. Total 60% 15 15 7 3 100% Compute the estimated cash collections on accounts receivable for the month of February Estimated cash collections
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