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Cash flow of accounts receivable Myers and Assodales, a famous law firm in Califomia, bills its clients on the first of each month Clierits pay
Cash flow of accounts receivable Myers and Assodales, a famous law firm in Califomia, bills its clients on the first of each month Clierits pay in the following Lashion 40 ha pay at the ond of the fist month, 30% pay at the end of the second menth, 20% pay at the end of the thied month, 5% pay at the end of the fourth month, and 5% defatit on their bafa. Myers wants to know the anticipated cash flow for the first quarter of 2015 if the past balings and anticipated billings follow this same pattern. The actual and articipated billings are as folown: Click on the icon b. in order fo cobv it content info a spreadsheet. What is the anticipated cash flow for January of 2015rif past belings and anticipated ballngs folow this same pattern? 7. (Round to the nearest do9ar)
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