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Company Z plans to start their business in January. They have estimated sales for January February, and March to be $75,000, $92,000, and $60,000. Based
Company Z plans to start their business in January. They have estimated sales for January February, and March to be $75,000, $92,000, and $60,000. Based on industry research, they estimate that 20% of sales will be for cash and the remaining sales are on credit. Expected collections on credit sales are 20% in the month of the sale, 50% in the next month, and 30% the following month 3. Calculate the expected cash receipts from customers for January, February, and March a
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