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ABC Company has projected Sales of $15,243 in January. The sales are expected to grow by 13% each month. ABC's collection schedule is as follows:
ABC Company has projected Sales of $15,243 in January. The sales are expected to grow by 13% each month. ABC's collection schedule is as follows: ABC collects 19 percent of its sales in the month of sale and the remainder is collected in the following month. What is the amount of the February cash collections?
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