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Parliament Company, which expects to start operations on January 1 , year 2 , will sell digital cameras in shopping malls. Parliament has budgeted sales

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Parliament Company, which expects to start operations on January 1, year 2, will sell digital cameras in shopping malls. Parliament has budgeted sales as indicated in the following table. The company expects a 10 percent increase in sales per month for February and March. The ratio of cash sales to sales on account will remain stable from January through March.
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