Question
If Excel Inc. has projected sales of $40,000 in January, $30,000 in February, and $20,000 in March; 20% of sales are in cash and 80%
If Excel Inc. has projected sales of $40,000 in January, $30,000 in February, and $20,000 in March; 20% of sales are in cash and 80% of sales are on credit ( whitch are collected in the month following the sale); What are the cash receipts for February and March?
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Fintech For Finance Professionals
Authors: David Kuo Chuen Lee, Joseph Lim, Kok Fai Phoon, Yu Wang
1st Edition
9811241864, 978-9811241864
