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ABC company has budgeted $100,000 of sales for January. Sales are 80% credit and 20% cash Credit sales are collected 50% in the month of
ABC company has budgeted $100,000 of sales for January. Sales are 80% credit and 20% cash Credit sales are collected 50% in the month of sale and 50% in the month following the sale A/R at Dec 31 = $85,000 What are the cash collections for January
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