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Please Help with thse 2 questions 1. 2. Woodpecker Co. has $303,000 in accounts receivable on January 1. Budgeted sales for January are $885,000. Woodpecker
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Woodpecker Co. has $303,000 in accounts receivable on January 1. Budgeted sales for January are $885,000. Woodpecker Co. expects to sell 20% of its merchandise for cash. Of the remaining 80% of sales on account, 75% are expected to be collected in the month of ale and the remainder the following month. The January cash collections from sales are Oa. $808,800 Ob. $1,011,000 Oc. $1,314,000 Od. $606,600Step by Step Solution
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