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Only enter the amount to be calculated, DO NOT add your calculations D Question 16 4 pts A company's history indicates that 10% of its sales are for cash and the rest are on credit Collections on credit sales are 20% in the month of the sale, 50% in the next month, 25% the following month, and 5% is uncollectible. Projected sales for December, January, and February are $70,000, $85,000, and $110,000, respectively. What is the expected cash receipts for February? Previous Next