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Cash flow of accounts receivable Myers and Associates, a famous law firm in California, bills its clients on the first of each month. Clients pay

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Cash flow of accounts receivable Myers and Associates, a famous law firm in California, bills its clients on the first of each month. Clients pay in the following fashion 40% pay at month, 30% pay at the end of the second month 20% pay at the end of the third month, 5% pay at the end of the fourth month, and 5% default on their bills. Myers wants to know the the first quarter of 2015 if the past billings and anticipated billings follow this same patter the actual and anticipated billings are as follows: Click on the icon in order to copy its content into a spreadsheet Fourth Quarter Actual Billings First Quarter Anticipated Billings Oct Nov Dec Jan Feb. Mar $454,000 $381,000 $338,000 $397000 $409,000 $479,000 What is the anticipated cash flow for January of 2015 if past billings and anticipated billings follow this same pattom? $ 355100 (Round to the nearest dollar) What is the anticipated cash flow for February of 2015 if past billings and anticipated billings follow this same pattern? (Round to the nearest dollar)

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