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A company uses the accounts receivables balance pattern to project future month's account receivables levels. The company predicts 10% of sales are collected in the
A company uses the accounts receivables balance pattern to project future month's account receivables levels. The company predicts 10% of sales are collected in the current month and 55% of sales are collected in the month after the sale, and the remaining amount is collected two months after the sale. If January sales were $350,000 what is the projected accounts receivables collections in March for the January sales? $192,500 $122,500 $35,000 $350,000
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