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January February March April $19,000 $36,000 $41,000 $ 46,000 The company expects 80% of its sales to be on account (credit sales). Credit sales are
January February March April $19,000 $36,000 $41,000 $ 46,000 The company expects 80% of its sales to be on account (credit sales). Credit sales are collected as follows: 25% in the month of sale and 68% in the month following the sale, with the remainder being uncollectible and written off. The total cash receipts during April would be: Multiple Choice $40,704 O $31,945. O $30,200 $24,150
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