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Getty Company expects sales for the first three months of next year to be $ 2 1 5 , 0 0 0 , $ 2
Getty Company expects sales for the first three months of next year to be $$ and $ respectively. Getty
expects percent of its sales to be cash and the remainder to be credit sales. The credit sales will be collected as follows: percent
in the month of the sale and percent in the following month.
Compute a schedule of Getty's cash receipts for the months of February and March.
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