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Shakiras sales are all on account. Her historical experience in collecting accounts receivable is: 35% on the month of sale, 55% in the month after
Shakiras sales are all on account. Her historical experience in collecting accounts receivable is: 35% on the month of sale, 55% in the month after sale, and 5% in the second month after sale.
Shakira has the following information on sales:
How much of Januarys sales are expected to be uncollectible? How much of February credit sales are expected to be collected in the month of March?
January February March April (forecasted) 280,000 230,000 252.000 264.000
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