Question
BC Company has the following projected sales: Month Sales Jan $8,000 Feb $9,000 Mar $31,000 Apr $51,000 11% of the sales are collected in the
BC Company has the following projected sales:
| Month | Sales |
| Jan | $8,000 |
| Feb | $9,000 |
| Mar | $31,000 |
| Apr | $51,000 |
11% of the sales are collected in the same month. 27% of the sales are collected after one month, 42% 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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The Palgrave Handbook Of Technological Finance
Authors: Raghavendra Rau, Robert Wardrop, Luigi Zingales
1st Edition
3030651169, 978-3030651169
