Question
ABC Company has projected Sales of$2,686in January.The sales are expected to grow by2%each month.ABC's collection schedule is as follows: ABC collects16percent of its sales in
ABC Company has projected Sales of$2,686in January.The sales are expected to grow by2%each month.ABC's collection schedule is as follows:
ABC collects16percent of its sales in the month of sale and theremainderis collected in thefollowingmonth. What is the amount of the Februarycashcollections?
Enter your answer rounded off to two decimal points.Do not enter$or comma in the answer box.For example,if your answer is$12.345then enter as12.35in the answer box.
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The Company Valuation Playbook Invest With Confidence
Authors: Charles Sunnucks
1st Edition
1838470816, 978-1838470814
