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A wholesale company was organized on February 1 . Projected sales for each of the first 3 months of operations are as follows: February $

A wholesale company was organized on February 1. Projected sales for each of the first 3 months of operations are as follows: February $103000 March $132000 April $150000 The company expects to sell 12% of its merchandise for cash with the remainder on account. Of sales on account, 30% are expected to be collected the month following the sale, with the remainder expected to be collected in the second month following the sale. minimum precision: ones place Expected cash collections, February $Answer for part 1 Expected cash collections, March $Answer for part 2 Expected cash collections, April $Answer for part 3 Expected Accounts Receivable at the end of April $Answer for part 4

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