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Spajer Company has both cash sales and sales on account. In a typical month, 40% of its sales are cash and 60% are on account
Spajer Company has both cash sales and sales on account. In a typical month, 40% of its sales are cash and 60% are on account Accounts Receivable) Credit sales are collected 200 in the month of the sale and 80% in the month following the sale. For Q2 of FY2021 the company forecasts sales of 5500,000 for April, 5700,000 for May, and 5800,000 for June. The beginning balance of accounts receivable on April 1 is $300,000. What is the total amount of sales forecasted for Q22
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