Question
ABC Company has the following projected sales: Month Sales Jan $5,000 Feb $10,000 Mar $29,000 Apr $52,000 11% of the sales are collected in the
ABC Company has the following projected sales: Month Sales Jan $5,000 Feb $10,000 Mar $29,000 Apr $52,000 11% of the sales are collected in the same month. 28% of the sales are collected after one month, 47% of the sales are collected after two months, and the remainder are collected after three month. What is the amount of the April collections?
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Bond Markets Analysis And Strategies
Authors: Frank J. Fabozzi
6th Edition
0131986430, 9780131986435
