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LeMinton Company expects the following credit sales for the first five months of the year January $26.000. February $4.000 March, 531000 April $37000, May 541000.
LeMinton Company expects the following credit sales for the first five months of the year January $26.000. February $4.000 March, 531000 April $37000, May 541000. Experience has she credit sales is received as follows: 60% in the month of sale, 20% in the first month after sale 10% in the second month after sale, and the remainder is uncollectible. How much cash can Lein collect in March as a result of credit sales (current and pasto? Multiple Choice ! ! ! ! ! here to search TOC
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