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7. Dollarbird Ltd. projects sales for its first three months of operation as follows. < < Credit sales January $150 000 February $188 000
7. Dollarbird Ltd. projects sales for its first three months of operation as follows. < < Credit sales January $150 000 February $188 000 March $176 000 Cash sales < $60 000 $50 000 $55 000 $210 000 $238 000 $231 000 < After interviewing the sales team, the CFO of Dollarbird Ltd finds that 50% of credit sales will be collected in the month following sale, 30% in the second month following the sale and the balance the third month. A 5% discount is given if payment is received in the month following sale. Based on the above information only, what is the anticipated cash receipt for February? < A. $71 250 < B. $107 500 < C. $121 250 < D. $144,000 < E. $238 000
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