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A company's history indicates that 20% of its sales are for cash and the rest are on credit. Collections on credit sales are 20% in
A company's history indicates that 20% of its sales are for cash and the rest are on credit. Collections on credit sales are 20% in the month of the sale, 50% in the next month, and 15% the following month. Projected sales for January, February, and March are $69.000. $94.000 and $104.000, respectively. The March expected cash receipts from all current and prior credit sales is: Multiple Choice 0 $46,920 O $99.000 ( $78,120 O $62,520 O $78,150
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