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Simpson Glove Company has made the following sales projections for the next six months. All sales are credit sales. are uncollectible, 4 5 percent are

Simpson Glove Company has made the following sales projections for the next six months. All sales are credit sales.
are uncollectible, 45 percent are collected in the month of sale, 35 percent are collected in the following month, and 10 percent are
collected two months after sale.
Prepare a monthly cash receipts schedule for the firm for March through August.
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